February 8, 2013
CAD Employment Change
We´ll be getting the Canadian Employment Change release number tomorrow, here is the forecast:
8:30am (NY Time) CAD Employment Change Forecast
4.2K Previous 39.8K
Unemployment Rate 7.2% Previous 7.1%
DEVIATION: 25K (BUY CAD @ 30K / SELL CAD @ -20K)
DEFINITION “Measures the change in number of employed people during the previous month. A rising trend has a positive effect on the nation´s currency. Job creation is an important indicator of economic health because consumer spending, which is highly correlated with labor conditions, makes up a large portion of GDP. This report is the first of the month that relates to labor conditions, making it susceptible to big surprises.”
The Trade Plan
The CAD Employment Change report will be released at 8:30am sharp today (changed from the usual 7:00am). What I am looking for is a minimum deviation of around 25K, or the difference between the Forecast number (4.2K) versus the actual release number; if we get a positive 30K of release, we should see demand for the CAD rise, therefore we should BUY CAD against weaker currencies at the time; however, if we get a negative deviation, such as -20K or worse, we should see some weakness in the CAD, and that will be my cue to SELL CAD against stronger currencies at the time.
I´ll also pay close attention to the unemployment rate, which is expected to rise to 7.2%. As long as this number does not conflict with the Employment Changes, we should follow the direction of the news release. If we get a conflict, such as better Employment Changes but higher Unemployment Rate, then we´ll need to look at the context of the market before taking the trade.
Expected move during first 20 minutes after the release: 40 pips or more
Actions:
Expected move during first 20 minutes after the release: 40 pips or more
Actions:
Recommended Pairs : USDCAD, GBPCAD.
USD/CAD - US Dollar / Canadian Dollar
Resistances : Weekly 1.0035 ; Daily 0.999 ; Hourly 0.995
Supports : Weekly 0.99 ; Daily 0.992 ; Hourly 0.993
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Ever felt like knocking your boss the eff out? Even
if you're your own boss?
I have.
I remember the day I decided to punch my boss in
the face. One of the best decisions I ever made by
far.
It was glorious.
A "V" day of sorts.
I just walked in his office, looked him straight in the
eyes, and did a spinning back fist.
Yeah, that's right ... a spinning back fist. Bruce Lee
style, baby.
I missed of course. And fell. But nevertheless ... my
point had been made.
I picked myself back up off the floor, slotted back to
my cubic-hell, and resumed my daily torchores like a
good little drone.
And then I woke up.
Literally. Like ... in a bed. I was just a stupid dream.
"Man", I thought. "If I can't even punch my boss the
right way in my dreams, how the heck am I ever
gonna do it in real life?"
So I decided to do what every sensible human being
does in his mid-thirties ... give up on my dreams.
Luckily for me I had two dreams. One was to punch
my boss in the face. The other was to quit my job and
get filthy rich doing stuff that made me happy.
Swing-and-a-miss on the first dream (pun intended).
Home run on the second one.
Like ... grand slam home run.
I wanna tell you both how I did it and how you can be
one of my "RBI"s.
I've done all the hard work for you. All you have to do
is quit your job and come on home.
Here's my point ...
You can have and do whatever the heck you want. You
can, to a certain degree, create your own reality.
But it's not easy.
Which is why I've decided to create your reality for you.
Wanna see it? Step into it even?
You would if you knew what was on the other side. All
ya gotta do is punch a few buttons and get this book.
But you're going to have to take a click of faith.
if you're your own boss?
I have.
I remember the day I decided to punch my boss in
the face. One of the best decisions I ever made by
far.
It was glorious.
A "V" day of sorts.
I just walked in his office, looked him straight in the
eyes, and did a spinning back fist.
Yeah, that's right ... a spinning back fist. Bruce Lee
style, baby.
I missed of course. And fell. But nevertheless ... my
point had been made.
I picked myself back up off the floor, slotted back to
my cubic-hell, and resumed my daily torchores like a
good little drone.
And then I woke up.
Literally. Like ... in a bed. I was just a stupid dream.
"Man", I thought. "If I can't even punch my boss the
right way in my dreams, how the heck am I ever
gonna do it in real life?"
So I decided to do what every sensible human being
does in his mid-thirties ... give up on my dreams.
Luckily for me I had two dreams. One was to punch
my boss in the face. The other was to quit my job and
get filthy rich doing stuff that made me happy.
Swing-and-a-miss on the first dream (pun intended).
Home run on the second one.
Like ... grand slam home run.
I wanna tell you both how I did it and how you can be
one of my "RBI"s.
I've done all the hard work for you. All you have to do
is quit your job and come on home.
Here's my point ...
You can have and do whatever the heck you want. You
can, to a certain degree, create your own reality.
But it's not easy.
Which is why I've decided to create your reality for you.
Wanna see it? Step into it even?
You would if you knew what was on the other side. All
ya gotta do is punch a few buttons and get this book.
But you're going to have to take a click of faith.
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