The Fundamental FOREX Blog

Tomorrow, Friday, 12-04-09 at 7:00 AM ET Canada is releasing their monthly Net Employment Change and Unemployment Rate. These reports are released by “Statistics Canada”. -

I did a post “follow up” of last months reports, you can click here to see that post

These two reports are at times conflicting, so  –  be aware!

Here is the set up tomorrow:

CAD Employment Change stats:

Previous = -43.2K

Forecast = 15.3K

CAD Unemployment Rate stats:

Previous = 8.6%

Forecast = 8.6%

Even though the Unemployment Rate “forecast“ does not change from the “previous“, it could have a positive affect on the Canadian economy if the “actual“ comes out that way.

And, the “forecast” for the Employment Change shows an expected improvement in the Canadian economy.

Last month the currency pairs moved in favor of the CAD – it appears that the “CAD – Unemployment Rate” had more of an impact on the market then I had expected.

I have made a correction to last months post.

Click here to see what happened.

Again, I will be looking for at least a 15K to 20K difference between the “actual” and the “forecast” of the Change in Employment – also, at least a 0.1% change in the Unemployment rate. Of course, both either in favor of or against the CAD.

The currency pair GBP/CAD looks good for a trade set up.

The next schedule release of these reports is Friday, 01-08-10 at 7:00 AM ET, I will probably post a “preview” a day or two prior.

I did post a “follow up” post soon after the CAD reports, click here to see what happened.

Remember, “Past performances are not an indication of future results!”

Stay tuned!