Canadian job data may push the CAD up

Canadian job data may push the CAD up

Canada will release the employment change and the unemployment rate on October 9, at 15:30 MT time.

Instruments to trade: USD/CAD, AUD/CAD, CAD/JPY

The employment change and the unemployment rate are one of the most important indicators of employment. While the first one shows the change in the number of employed people during the previous month, the second indicator demonstrates the percentage of the total workforce that is unemployed and actively seeking employment. September's data were disappointing for the Canadian economy. While the employment change reached +245.8K (vs. the forecast of +262.5K), the unemployment rate increased to 10.2% (vs.10.1% expected). USD/CAD spiked right after the release but then moved lower.

  • If the employment change is higher and the unemployment rate is lower than the forecasts, the CAD will rise;
  • If the employment change is lower and the unemployment rate is higher than the forecasts, the CAD will fall.

Check the economic calendar

cad.png

TRADE NOW

Similar

Will the CPI Crash the USD?
Will the CPI Crash the USD?

 The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!

Latest news

Fed’s Rate Pause and UK Inflation Slows
Fed’s Rate Pause and UK Inflation Slows

Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera