We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • White House Economic Advisor Hassett says some workers going back to their jobs is building confidence $DXY $SPX
  • Gold Price Outlook: XAU Overbought as Cycles Drive the Bullish Trend https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2020/05/28/Gold-Price-Outlook-XAU-Overbought-as-Cycles-Drive-the-Bullish-JS-Trend.html $Gold https://t.co/ntbvPQTHF9
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Silver: 0.34% Gold: 0.26% Oil - US Crude: -0.02% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/yvJX18QY14
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.91%, while traders in US 500 are at opposite extremes with 74.73%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/l7878VS4m7
  • As long as this moves forward, the verbal (Twitter) threats of action between the US and China will garner less and less actual market movement https://t.co/pvGOJuAG4N
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: US 500: 0.99% Wall Street: 0.76% FTSE 100: 0.08% France 40: -0.03% Germany 30: -0.11% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/f3oAYUPoEj
  • White House Advisor Kudlow says phase-one deal with China is still planned to move forward $FXI $SPX
  • White House Advisor Kudlow says "big mistake" for China going into Hong Kong - BBG
  • The S&P 500 is approaching secondary breakout targets up here and the rally may be vulnerable heading into uptrend resistance. Get your S&P500 technical analysis from @MBForex here: https://t.co/21a20ql6RH https://t.co/elk1mcR4UM
  • U.S. House passes bill expanding the PPP loan program rules $SPX
Forex: Canadian Employment Jumped 59.3K, Unemployment Rate Fell to 7.2%; CAD Bullish

Forex: Canadian Employment Jumped 59.3K, Unemployment Rate Fell to 7.2%; CAD Bullish

2012-12-07 14:59:00
Renee Mu, Currency Analyst
Share:

THE TAKEAWAY: [Canada’s new jobs jumped; Canada’s unemployment rate fell] > [Continued job growth add business confidence] > [USD/CAD Weakened]

Canadian employers continued to add new jobs to the labor market, rising almost six times faster than economists forecast in November as full-time and private-sector work increased significantly. Statistics Canada released a report today that showed 59,300 new jobs added in November, following gains of 1,800 jobs in October. The median forecast according to economists surveyed by Bloomberg News had called for a rise of 10,000 new jobs. As the same time, Canada’s jobless rate dropped to 7.2 percent from 7.4 percent, the first decline in five months.

Job growth was led by increase in full-time and private-sector work. Statistics Canada said full-time employment rose by 55,200 in November and private companies added 48,200 jobs. Today’s figures provide an improved outlook for the region as business confidence is likely to continue in the following periods.

USD/CAD 1-minute Chart: December 7, 2012

Forex_Canadian_Employment_body_1207.jpg, Forex: Canadian Employment Jumped 59.3K, Unemployment Rate Fell to 7.2%; CAD Bullish

The loonie soared against the greenback to the month high in the minutes following data release. As can be seen from the one-minute chart, the USD/CAD pair dropped to C$0.9889 from C$0.9921. At the time of this report written, the USD/CAD pair was trading at C$0.9803.

--- Written by Renee Mu, DailyFX Research

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.