Here are the key factors to keep in mind today for US Dollar trades:

• US NFP: The US NFP report for December is predicted to show 200,000 jobs were added for the month. Forex traders can compare this to the NFP report of November which showed 211,000 jobs were added. The unemployment rate is predicted at a level of 5.0% and the labor force participation rate is predicted at a level of 62.5%. Forex traders can compare this to November were the unemployment rate was 5.0% and the labor force participation rate was at 62.5%. Private payrolls for November are predicted to show 200,000 jobs were added and the manufacturing sector is predicted to show no job additions or losses. Forex traders can compare this to November were 197,000 jobs were added in the private sector and 1,000 manufacturing jobs were lost. The underemployment rate for December is predicted to show a level of 9.9% and the average work-week is expected at 34.5 hours. Forex traders can compare this to November’s underemployment rate of 9.9% and to the average work-week of 34.5 hours. Average hourly earnings for October are predicted to show an increase of 0.2% monthly and 2.8% annualized. Forex traders can compare this to November’s average hourly earnings of which rose 0.2% monthly and 2.3% annualized.
• US Wholesale Trade Sales and Wholesale Inventories: Wholesale Trade Sales for November are predicted at 0.0% monthly. Forex traders can compare this to October Wholesale Trade Sales which showed a level of 0.0% monthly. Wholesale Inventories for November are predicted to decrease by 0.1% monthly. Forex traders can compare this to October Wholesale Inventories which decreased by 0.1% monthly.

Here are the key factors to keep in mind today for Canadian Dollar trades:

• Canadian Employment Report: The Employment Report for December is predicted to show 10,000 jobs were added during the month. Forex traders can compare this to November where 35,700 jobs were lost. The unemployment rate is predicted to show a level of 7.1% and the labor force participation rate a level of 65.8%. Forex traders can compare this to November’s unemployment rate of 7.1% and labor force participation rate of 65.8%.
• Canadian Building Permits: Building Permits for November are predicted to decrease by 3.0% monthly. Forex traders can compare this to October’s Building Permits which increased by 9.1% monthly.

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