The number of jobs in Canada rose by 7.7K in May, a bit short of predictions. Early expectations stood on a gain of 10K jobs after two excellent months. The unemployment rate was expected to stand at 7.3%, and this was the result indeed. USD/CAD ticks up on this small disappointment. The pair rose from 1.0327 to 1.0347 before stabilizing. Bigger shocks were seen in the previous two releases. Canada saw two wonderful employment reports in previous months: a gain of 58.2K jobs last month, and an astonishing +82.3K beforehand. In addition, Canadian trade balance disappointed by turning negative – a deficit of 0.4 billion instead of a surplus of 0.2. Last month’s saw a surplus of 0.4 billion according to the initial report. This was now revised down to +0.2 billion. Trade balance in the US was within expectations: a deficit of 50.1 instead of 49.4 billion. Last month’s deficit was actually wider than initially reported: 52.6 instead of 51.8 billion. The Canadian dollar enjoyed the improvement in sentiment that characterized the markets this week, and managed to retrace its losses against the greenback. However, Bernanke’s refusal to hint on QE3 reversed some of those gains, and USD/CAD recaptured the 1.03 line. 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 June 8 – Losing Low Support as Spanish Bailout Yohay Elam 11 years The number of jobs in Canada rose by 7.7K in May, a bit short of predictions. Early expectations stood on a gain of 10K jobs after two excellent months. The unemployment rate was expected to stand at 7.3%, and this was the result indeed. USD/CAD ticks up on this small disappointment. The pair rose from 1.0327 to 1.0347 before stabilizing. Bigger shocks were seen in the previous two releases. Canada saw two wonderful employment reports in previous months: a gain of 58.2K jobs last month, and an astonishing +82.3K beforehand. In addition, Canadian trade balance disappointed by turning negative -… 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.