Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
CAD: Canada Reveals Labor Data
Information is not investment advice
What will happen?
Canada will reveal its jobless rate and employment change for June on July 9, 15:30 MT. What do these indicators mean? Well, the jobless rate shows the percentage of people who are unemployed and actively seeking a job, while employment change reveals how many people have become employed. The unemployment rate in Canada increased to 8.2% in May from 8.1% in April, in line with market expectations. Employment dropped by 68,000, with a major part of the decline in part-time work (-54,000).
How to trade on Canada’s employment data?
The better the labor data is – the more chances the Bank of Canada will tighten the policy, which in turn will push the Canadian dollar up.
- If the jobless rate is less and employment change is greater than forecasted, the CAD will rise.
- Otherwise, the CAD will fall.
Instruments to trade: USD/CAD, CAD/JPY, EUR/CAD
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Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
The US Labor Market And Real Estate Market Are In Focus This Week
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.
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