USD/CAD: Canadian Employment Data Set

Source: Dukascopy Bank SA

The US Dollar depreciated against the Canadian Dollar, following the Canadian Employment data set release on Friday at 12:30 GMT. The USD/CAD exchange currency rate lost 69 pips or 0.52% right after the release. The US Dollar continued trading at the 1.3400 level against the Canadian Dollar.

Statistics Canada released the Canadian Unemployment Rate data, which came out better-than-expected of 5.7% compared with forecast of 5.8%. Note, that the Canadian Employment Change and the US CPI data were released at the same time.

According to the official release: "Employment increased in Ontario, Quebec, Alberta, and Prince Edward Island. It declined in New Brunswick, and was little changed in the other provinces. Employment rose for youth aged 15 to 24, people aged 55 and older, and women in the core working ages of 25 to 54. Employment gains were spread across several industries: wholesale and retail trade; construction; information, culture and recreation; "other services"; public administration; and agriculture. At the same time, employment decreased in professional, scientific and technical services."


Historical Data: Canadian Unemployment Rate
Date04.01.1908.02.1908.03.1905.04.1910.05.19
Actual5.6%5.8%5.8%5.8%5.7%
Forecast5.7%5.7%5.8%5.8%5.8%
Initial Reaction on Main Pairs
PairOpenCloseChange
AUD/CAD0.942660.94015-0.27%
CAD/CHF0.751970.753970.27%
EUR/CAD1.512621.50812-0.30%
USD/CAD1.346941.34235-0.34%
May 10, 2019 Open Positions
PairLongsShorts
AUD/CAD74.3%25.8%
CAD/CHF38.1%61.9%
EUR/CAD48.5%51.5%
USD/CAD30.2%69.8%
Economic Calendar for May 14, 2019
GMTCurrencyEventForecastPrevious
8:30GBPAverage Earnings Index 3m/y3.5%3.5%
8:30GBPUnemployment Rate3.9%3.9%
9:00EURGerman ZEW Economic Sentiment53.1
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Actual Topics

Fri, 10 May 2019 13:22:26 GMT

EUR/USD: US CPI

The European Common Currency appreciated against the US Dollar, following the US CPI data release on Friday at 12:30 GMT. The EUR/USD exchange currency rate gained 13 pips or 0.11% right after the release. The Euro continued trading at the 1.1242 level against the US Dollar.

Fri, 10 May 2019 10:08:30 GMT

GBP/USD: UK GDP and Manufacturing Production

The British Pound depreciated against the US Dollar, following the UK GDP data release on Friday at 08:30 GMT. The GBP/USD exchange currency rate lost 17 pips or 0.13% right after the release. The British Pound continued trading at the 1.3014 level against the Greenback.

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