Canada’s employment change figure showed a gain of 52.1K jobs in September. Expectations stood on a gain of 11.7K. So, this is an excellent surprise. The unemployment rate stands at 7.4%. No change was expected from last month’s 7.3%. USD/CAD traded around 0.98 prior to the release and is now falling to 0.9755. Support is getting closer (0.9736). It’s important to note that the simultaneous release of the positive US Non-Farm Payrolls also contributes to the choppy trading in the pair. The good report shows that the Canadian dollar is strong, and the loonie could now resume its gains after a period of consolidation. According to the initial report published last month, Canada gained 34.3K jobs in August. This was not revised now. For more on the loonie, see the USDCAD forecast. Update: USD/CAD could not break below support at 0.9736 and after a test, it bounced back up. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next EUR/USD Headed for Even Higher Resistance? Matthew Lifson 10 years Canada's employment change figure showed a gain of 52.1K jobs in September. Expectations stood on a gain of 11.7K. So, this is an excellent surprise. The unemployment rate stands at 7.4%. No change was expected from last month's 7.3%. USD/CAD traded around 0.98 prior to the release and is now falling to 0.9755. Support is getting closer (0.9736). It's important to note that the simultaneous release of the positive US Non-Farm Payrolls also contributes to the choppy trading in the pair. The good report shows that the Canadian dollar is strong, and the loonie could now resume its gains after… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
