On Friday, 01-08-10 at 7:00 AM ET Canada released their monthly CAD Net Employment Change and Unemployment Rate. These reports are released by “Statistics Canada”.
I did a post “preview” on Thursday, 01-07-10, you can click here to see that post.
Here is what happened:
CAD Employment Change stats:
Previous = 79.1
Forecast = 20.2K
Actual = -2.6K
CAD Unemployment Rate stats:
Previous = 8.5%
Forecast = 8.5%
Actual = 8.5%
Neutral – “actual” came out as “forecast”
CAD-5-00AM-01-08-10
Looking for a 20K difference
Actual > Forecast = Good for CAD
CAD Employment Change
——actual———-forecast———-previous
____-2.6K______20.2K________79.1K
Emp. Rt. 8.5% 8.5% 8.5%
out at 0.2Kor more negative – BUY GBP/CAD
out at 40.2K or higher – SELL GBP/CAD
Bad – “actual” came lower then “forecast” by 22.8K
Bad – “actual” came lower then “previous” by 81.7K
Here are the charts!!
a one minute CAD/JPY chart
This CAD/JPY currency pair spiked down/up 1st minute about 60 PIPS/15 PIPS
Ranged
a one minute EUR/CAD chart
This EUR/CAD currency pair spiked up/down 1st minute about 90 PIPS/23 PIPS
Ranged
a one minute GBP/CAD chart
This GBP/CAD currency pair Spiked up/down 1st minute about 104 PIPS/21 PIPS
Moved up next 12 minutes about 40 PIPS
Entered 2 trades – both winners
a one minute USD/CAD chart
This USD/CAD currency pair spiked up/down 1st minute about 66 PIPS/20 PIPS
Moved up next 12 minutes about 29 PIPS
The next scheduled release of these reports will be on Friday 02-05-10 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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