Here is the key factor to keep in mind today for US Dollar trades:
- US NFP: The US NFP report for April is predicted to show 200K jobs were added for the month. Forex traders can compare this to the NFP report of March which showed 215K jobs were added. The unemployment rate is predicted at a level of 4.9% and the labor force participation rate is predicted at a level of 63.0%. Forex traders can compare this to March were the unemployment rate was 5.0% and the labor force participation rate was at 63.0%. Private payrolls for April are predicted to show 190K jobs were added and the manufacturing sector is predicted to show losses of 5K. Forex traders can compare this to March were 195K jobs were added in the private sector and 29K manufacturing jobs were lost. The underemployment rate for April is predicted to show a level of 9.8% and the average work-week is expected at 34.5 hours. Forex traders can compare this to the March underemployment rate of 9.8% and to the average work-week of 34.4 hours. Average hourly earnings for April are predicted to show an increase of 0.3% monthly and 2.4% annualized. Forex traders can compare this to March average hourly earnings of which rose 0.3% monthly and 2.3% annualized.
Here are the key factors to keep in mind today for Canadian Dollar trades:
- Canadian Employment Report: The Employment Report for April is predicted to show 5K jobs were added during the month. Forex traders can compare this to March where 41K jobs were added. The unemployment rate is predicted to show a level of 7.2% and the labor force participation rate a level of 65.9%. Forex traders can compare this to the March unemployment rate of 7.1% and labor force participation rate of 65.9%.
- Canadian Ivey PMI: The Canadian Ivey PMI for April is expected at 52.5. Forex traders can compare this to the Canadian Ivey PMI for March which was reported at 50.1.
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