USD/CAD: Canadian Employment Change

Source: Dukascopy Bank SA

The US Dollar initially jumped against the Canadian Dollar, following the Canadian CPI data release on Friday at 13:30 GMT. However, afterwards the Buck depreciated 49 pips against the Loonie. 

The Statistics Canada released the Canadian Employment Change data that came out better-than-expected of 9.3K, compare to forecasted 6.8K.

Note, that the US Non-Farm Employment Change was released at the same time with the US Employment Change. 

The Bureau of Labor Statistics released the US Non-Farm Employment Change that came out better-than-expected of 312K, compare to forecasted 179K.

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Historical Data Table: Employment Change  Economic Calendar for 09.01.2019
           
Date 11.05.2018 13.06.2018 06.07.2018 10.08.2018 04.01.2019 15:00 PM CAD Overnight rate 
Actual -1.1K -7.5K 31.8K 54.1K 9.3K 15:30 PM US Crude Oil Inventories 
Forecast 17.8K 19.1K 22.3K 17.0K 6.8K 19:00 PM US FOMC Meeting Minutes
           
Initial Reaction on Main Pairs Open Position Proportions on 20.12.2018
           
  Open Price Close Price % Change   Longs Shorts
AUD/CAD 0.94639 0.94634 -0.01% AUD/CAD 73.06% 26.94%
CAD/CHF 0.73423 0.73472 0.07% CAD/CHF 73.49% 26.51%
EUR/CAD 1.5323 1.53136 -0.06% EUR/CAD 28.22% 71.78%
USD/CAD 1.34371 1.34621 0.19% USD/CAD 25.33% 74.67%

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