Canada Employment Changes m/m 09/04/09

Newsletter

Zero spam.

7:00am (NY Time) CA Employment Change Forecast -12.4K Previous -44.5K

Definition
“Measures the change in number of employed people during the previous month. A rising trend has a positive effect on the nation´s currency. Job creation is an important indicator of economic health because consumer spending, which is highly correlated with labor conditions, makes up a large portion of GDP. This report is the first of the month that relates to labor conditions, making it susceptible to big surprises.”

3rd Party Advertisement

Update
Release was much better than expected, but market failed to act with momentum. I took a trade off from the retracement and ended up closing the trade with 1+ pip of profit. However, it is a great lesson as I show how it is with news trading. I recommend that you take a few minutes and watch this video.

About Kelvin Ching

I'm a professional Forex trader and I have been trading for over 7 years. I was a series 3 broker and a registered CTA with the NFA, the main regulatory agency in the United States, and I have been involved at the highest levels in commodity trading. I also have a background in Information Technology, graphics design, and programming... I'm the co-founder of CurrencyNewsTrading.com, a site dedicated to fundamental analysis and news trading.

Speak Your Mind

*

Newsletter

Zero spam.