Good jobs report from Canada: the economy gained no less than 53.7K jobs in December, far above expectations. The unemployment rate rose to 6.9%, as expected, but this comes on top of an increase in the participation rate to 65.8%, and that is good news. Also, the job gains come from full-time positions: +81.3K. Part-time jobs dropped by 27.6K. So, it is good news all around. Also, Canada’s trade balance beats with a surplus, much better than a deficit of 1.6 billion that was forecast. USD/CAD is down under 1.32, trading at 1.3190. The US gained 156K jobs, below estimations, but wages are up 2.9%. The US dollar is up, but not against the loonie. Canada was expected to report no change in the number of people employed in the nation after a rise of 10.7K in November. The unemployment rate was predicted to tick up from 6.8% to 6.9%. The participation rate stood at 65.6% in November. In a separate report, Canada’s trade balance was projected to widen from 1.13 to 1.6 billion C$. USD/CAD traded around 1.3250 ahead of the announcement. It is important to note that the US also released its jobs report, the Non-Farm Payrolls, at the same time. The US dollar has been on the back foot after a strong start to the year. Here are three reasons for the greenback crash. 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 NFP +156K, but wages up 2.9% y/y – USD rises Yohay Elam 6 years Good jobs report from Canada: the economy gained no less than 53.7K jobs in December, far above expectations. The unemployment rate rose to 6.9%, as expected, but this comes on top of an increase in the participation rate to 65.8%, and that is good news. Also, the job gains come from full-time positions: +81.3K. Part-time jobs dropped by 27.6K. So, it is good news all around. Also, Canada's trade balance beats with a surplus, much better than a deficit of 1.6 billion that was forecast. USD/CAD is down under 1.32, trading at 1.3190. The US gained 156K jobs, below estimations,… 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.
