On Friday, 12-04-09 at 7:00 AM ET Canada released their monthly Employment Change and Unemployment Rate. These reports are released by “Statistics Canada”. -
On Thursday, 12-03-09 I wrote a “preview” post of these reports, click here for a review.
I did not monitor any non CAD involved currency pairs.
Here is what happened:
CAD Employment Change stats:
Previous = -43.2K
Forecast = 15.3K
Actual = 79.1K
Good – “actual” was higher then “forecast” by 63.8K, higher then the “previous” by 122.3K.
CAD Unemployment Rate stats:
Previous = 8.6%
Forecast = 8.6%
Actual = 8.5%
Good – “actual” was lower then the “forecast” 0.1%, lower then the “previous” by 0.1%
Both of these reports came out good for the Canadian economy.
Here are the charts!!
a one minute CAD/JPY chart
This CAD/JPY currency pair moved up in 38 minutes about 60 PIPS – right direction.
a one minute EUR/CAD chart
This EUR/CAD currency pair moved down in 38 minutes about 95 PIPS – right direction.
a one minute GBP/CAD chart
This GBP/CAD currency pair moved down in 42 minutes about 108 PIPS – right direction. Executed three trades with this currency pair – 1st was for a loss and the two following were winners.
a one minute USD/CAD chart
This USD/CAD currency pair moved down in 42 minutes about 68 PIPS – right direction.
The next scheduled release of these reports will be on Friday 01-08-10 at 7:00 AM ET.
I will probably post a “preview” a day or two prior.
Remember, “Past performances are not an indication of future results!”
Stay tuned!
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