
Now traders follow the economic events with new vision as inflation in the US seems like decreasing. Let’s see what releases will influence the market due to that factor.
Don’t waste your time – keep track of how NFP affects the US dollar!
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Canada will release the employment change and the unemployment rate on October 9, at 15:30 MT time.
Instruments to trade: USD/CAD, AUD/CAD, CAD/JPY
The employment change and the unemployment rate are one of the most important indicators of employment. While the first one shows the change in the number of employed people during the previous month, the second indicator demonstrates the percentage of the total workforce that is unemployed and actively seeking employment. September's data were disappointing for the Canadian economy. While the employment change reached +245.8K (vs. the forecast of +262.5K), the unemployment rate increased to 10.2% (vs.10.1% expected). USD/CAD spiked right after the release but then moved lower.
Now traders follow the economic events with new vision as inflation in the US seems like decreasing. Let’s see what releases will influence the market due to that factor.
The week will have the biggest event in the US political process over the last two years. How will the elections affect the Forex market? We covered the most important news of this week in this report.
As Europe moves into recession, next week may provide us with some amazing trading opportunities. Here they are!
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
It’s Wednesday, my fellow traders! The day is filled with news and events you need to know, and here’re some of them.
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