The aussie may move on a jobs data
Australia will publish the level of employment change and the unemployment rate at 3:30 MT on October 17.
Canadian dollar is awaiting the jobs data
Canada will release the level of employment change and unemployment rate on October 11, at 15:30 MT time. The employment change represents the change in the number of employed people during the previous month. Last time, this indicator showed a great increase by 81.1 thousand jobs. The unemployment change, which is the percentage of the total unemployed workforce, stood at the same level of 5.7%. That scenario resulted in the rise of the Canadian currency. If this time the situation repeats itself, bulls of the CAD will be excited again.
• If the employment change is higher and the unemployment rate is lower than the forecasts, the CAD will go up;
• If the employment change is lower and the unemployment rate is higher than the forecasts, the CAD will go down.
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Latest news
The aussie may move on a jobs data
Australia will publish the level of employment change and the unemployment rate at 3:30 MT on October 17.
Market updates on October 16
The escalation of the US-China trade dispute and the Brexit uncertainties keep affecting the market. Read more!
Brexit deal is close? GBP/USD has risen by more than 140 pips!
The reports that the UK and the EU are close to complete a draft Brexit deal have pushed the British pound higher.
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