7:00am NY Time CA Employment Changes Forecast 10K Previous 30.6K
ACTION: USD/CAD SELL 40K BUY -20K
Today’s high impact news event aside from the NFP will be the Canadian Employment Changes event, which is going to be our focus today. We are looking for a surprise factor (trigger, deviation) of 30K, therefore if we get a positive 40K of release, we’ll look to SELL USD/CAD; on the other hand, if we get a -20K of release, we’ll look to BUY the USD/CAD pair. With NFP coming up in about 90 minutes we have to take smaller profit target and plan our exits preferrably before the actual NFP release.
