Higher numbers than forecast tend to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.
The typical/expected impact on CAD pairs is high.
The consensus forecast for Net Change in Employment is 1.1K. A higher value than forecast tends to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.
(A summary of the historic trading range after each event is not available for Net Change in Employment. Please check the candle charts instead.)
The trading range of USDCAD was pips following the most recent Net Change in Employment.
The most recent announced value for Net Change in Employment was 41.4K against a forecast of 20K.
Recent economic data has been moderately bullish for CAD. Other recent announcements which may affect the market's interpretation of the next Net Change in Employment result:
|S&P Global Manufacturing PMI||Bearish change||50.2||49|
|Gross Domestic Product (MoM)||Bearish change||0.1%||0%|
|Gross Domestic Product (QoQ)||Bullish change||0%||0.8%|
|Gross Domestic Product Annualized||Bullish change||-0.1%||3.1%|
|Current Account||Bullish change||-8.05B||-6.17B|
|Australia||Unemployment Rate s.a.|
|Australia||Employment Change s.a.|
|New Zealand||Unemployment Rate|
|New Zealand||Employment Change|
|United Kingdom||ILO Unemployment Rate (3M)|
|United Kingdom||Claimant Count Change|
|United States||Nonfarm Payrolls|
|United States||ADP Employment Change|
|Australia||Wage Price Index (QoQ)|
|Canada||Average Hourly Wages (YoY)|
|Switzerland||Unemployment Rate s.a (MoM)|
|Germany||Unemployment Rate s.a.|
|Japan||Jobs / Applicants Ratio|
|New Zealand||Participation Rate|
|New Zealand||Labour Cost Index (QoQ)|
|United Kingdom||Claimant Count Rate|
|United Kingdom||Average Earnings Including Bonus (3Mo/Yr)|
|United Kingdom||Average Earnings Excluding Bonus (3Mo/Yr)|
|United States||ISM Manufacturing Employment Index|
|United States||Unit Labor Costs|
|United States||Personal Income (MoM)|
|United States||ISM Services Employment Index|
|United States||Unemployment Rate|
|United States||Nonfarm Productivity|
|United States||Initial Jobless Claims|
|United States||Labor Force Participation Rate|
|United States||U6 Underemployment Rate|
|United States||Initial Jobless Claims 4-week average|
|United States||Average Hourly Earnings (MoM)|
|United States||Average Hourly Earnings (YoY)|
The value of Net Change in Employment has been announced.