Canada | CAD Employment Change

Canada Employment Changes 12/04/09

Kelvin Ching Updated onJanuary 11, 2023

canada employment changes 12 04 09 414

7:00am NY Time CA Employment Changes Forecast 15K Previous -43.2K

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.”

Update
This is a positive trade based on the retracement method.

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.

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