The Canada IVEY PMI will be released today. This release is considered a leading indicator that receives much attention from traders; especially when its released early in the week before the Employment report. Here’s the forecast:
10:00am (NY Time) CA IVEY PMI Forecast 58.5 Previous 63.5
ACTION: USD/CAD BUY 55.0 / SELL 61.5
We´ll be getting the Canadian Employment Change release number tomorrow, here is the forecast:
7:00am (NY Time) CAD Employment Change Forecast 24K Previous 17.5k
Unemployment Rate 7.5%
ACTION: EURCAD SELL 50K / BUY USDCAD -5K
We´ll be getting the Canadian Employment Change release number tomorrow, here is the forecast:
7:00am (NY Time) CAD Employment Change Forecast 18K Previous -18.6K
Unemployment Rate 7.4%
ACTION: EURCAD SELL 45K / BUY USDCAD -10K
The Trade Plan
The Canadian Employment Change report will be released at 7:00am sharp today. What I am looking for is a minimum deviation of around 25K, or the difference between the Forecast number (18K) versus the actual release number; if we get a positive 45K of release, we should see demand for the CAD rise, therefore we should SELL USD/CAD; however, if we get a negative deviation, such as -10K or worse, we should see some weakness in the CAD, and that will be my cue to BUY USD/CAD pair.
We´ll be getting the Canadian Employment Change release number tomorrow, here is the forecast:
7:00am (NY Time) CAD Employment Change Forecast 18K Previous -54.0K
Unemployment Rate 7.3%
ACTION: USDCAD SELL 45K / BUY -10K
We´ll be getting the Canadian Employment Change release number tomorrow, here is the forecast:
7:00am (NY Time) CAD Employment Change Forecast 16K Previous 60.9K
Unemployment Rate 7.2%
ACTION: USDCAD SELL 40.0K / BUY -10K
We´ll be getting the Canadian Employment Change release number tomorrow, here is the forecast:
7:00am (NY Time) CAD Employment Change Forecast 15K Previous -5.5K
Unemployment Rate 7.3%
ACTION: USDCAD SELL 40.0K / BUY -10K
The Canada IVEY PMI will be released today. This release is considered a leading indicator that receives much attention from traders; especially when its released early in the week before the Employment report. Here’s the forecast:
10:00am (NY Time) CA IVEY PMI Forecast 58.2 Previous 57.6
ACTION: USD/CAD BUY 55.0 / SELL 61.0
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