Canadian Employment Change 04/09/10
7:00 am (NY Time) CA Employment Change Forecast 26K Previous 20.9K (Unemployment Rate 8.1%)
Definition
“Measures the change in the 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, is 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 retracement trade based on the sentiment method.
