Canada Unemployment Rate and Employment Change at 12:30 GMT, 5th Nov 2021

[MongiIG]

Canada Unemployment Rate and Employment Change

In Canada, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.

Employment change refers to the change in the number of persons who work for pay or profit, or perform unpaid family work. Estimates include both full-time and part-time employment.

CAD news event: 

Canada Unemployment Rate at 12:30 GMT, 5th Nov 2021.

Previous: 6.9%

Estimate: 6.8%

Actual: TBA at 12:30 (UK Time)

A reading that is higher than forecast is generally negative (bearish) for the CAD, while a lower than forecast reading is generally supportive (bullish) for the CAD. Source: investing.com

 

Canada Employment Change at 12:30 GMT, 5th Nov 2021.

Previous: 157.1K

Estimate: 50K

Actual: TBA at 12:30 (UK Time)

A reading that is stronger than forecast is generally supportive (bullish) for the CAD, while a weaker than forecast reading is generally negative (bearish) for the CAD. Source: investing.com

 

Canada Unemployment Rate and Employment Change will be out 12:30 GMT, let us know if you’ll be trading and what results you’re hoping for. Who will be trading?

Due to expected volatility guaranteed stop distances may be widened.

 

All the best - MongiIG

[MongiIG]

USDCAD 1 minute chart before Canada Unemployment Rate and Employment Change at 12:30 GMT

 

Canada Unemployment Rate and Employment Change out at 12:30 GMT, 5th Nov 2021, let us know if you’ll be trading and what results you’re hoping for. Who will be trading?

Due to expected volatility guaranteed stop distances may be widened.

 

All the best - MongiIG

[MongiIG]

USDCAD 1 minute chart after 12:30 (UK Time) Canada Unemployment Rate and Employment Change event. IG Charts

CAD news event: 

Canada Unemployment Rate at 12:30 GMT, 5th Nov 2021.

Previous: 6.9%

Estimate: 6.8%

Actual: 6.7%

A reading that is higher than forecast is generally negative (bearish) for the CAD, while a lower than forecast reading is generally supportive (bullish) for the CAD. Source: investing.com

 

Canada Employment Change at 12:30 GMT, 5th Nov 2021.

Previous: 157.1K

Estimate: 50K

Actual: 31.2K

A reading that is stronger than forecast is generally supportive (bullish) for the CAD, while a weaker than forecast reading is generally negative (bearish) for the CAD. Source: investing.com

 

Share your thoughts and views if you traded the Canada Unemployment Rate and Employment Chang event.

 

All the best - MongiIG