USD VS CAD
Dear traders,
Today, data on Canada and the United States are in focus. Pay your attention at:
- 15:30 – Change in the number of people employed in the non-agricultural sector (Dec). USA.
- 15:30 – Unemployment rate (Dec). USA.
- 15:30 – Change in employment (Dec). Canada.
- 17:00 – The index of business activity in the non-manufacturing sector (PMI) by ISM (Dec). USA.
- 17:00 – Business Activity Index (PMI) Ivey (Dec). Canada.
Ester’s leading expert A.Sivtsov writes:
On Friday, January 5, 2017, attention should be focused on data on the number of employed in non-agricultural sectors and the unemployment rate in the US. The indicator of employment is an estimation of the total number of wage workers passing on payroll of enterprises in the country. The indicator shows the change in the level of employment in the country. The unemployment rate determines the percentage of the total workforce that is unemployed and actively seeking work in the US. The growth of this figure indicates a weakness in the US labor market, and its decline is considered as positive.
According to the forecast, the change in the number of employees in December will be 159 thousand, which is lower than the previous value of 228 thousand. The unemployment rate will drop to the level of 4.0%, against the previous value of 4.1%. Given yesterday’s reaction of the market to the data by ADP, the release of today’s indicators within the forecast can cause a very mixed reaction. That is why one should expect the movement of the American currency within 30-60 points.
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