One of the new features of AutoCAD 2013 is the ability to import 3D models from a variety of sources including Autodesk Inventor. Well below expectations: Below 12.0K: A poor reading will hurt confidence in the loonie, and the pair could break two or more resistance levels.įor more on USD/CAD, see the Canadian dollar forecast.Guest Post by R.K. Below expectations: 12.0K to 17.9K: A lower than expected reading could push USD/CAD upwards, with one resistance level at risk. Well above expectations: Above 33.0K: A sharp rise in employment numbers could propel the pair downwards, and two or more levels of support can be broken. Above expectations: 28.1K to 33.0K: A reading above expectations would be an indication of growth in the Canadian economy, and could push the pair below one support level. Within expectations: 18.0K to 28.0K: In this scenario, USD/CAD could show some slight fluctuation, but it is likely to remain within range, without breaking any levels.So, the overall sentiment is bullish on USD/CAD towards this release. If the two employment indicators show some improvement, the loonie will likely respond with a rise. The unemployment rate of 7.5% is rather high, and is still a concern. The loonie is benefitting from higher oil prices, as well as the easing of monetary rates in the US. Watch for the loonie to gain some momentum if this upward trend continues.
If the indicator can meet the market expectations, this will be its third straight rise. The market forecast is calling for a modest increase this month, with a prediction of 23.3K. The January reading was back in postive territory, at 17.5.
Since an awful performance last November, its worst in over two years, the indicator has rebounded nicely. The release of the employment change indicator simultaneously with the unemployment rate is highly anticipated and is often a market-mover. Job creation is one of the most important leading indicators of overall economic activity. Here are the details and 5 possible outcomes for USD/CAD. Traders and analysts carefully scrutinize employment figures, and a reading higher than forecast could is bullish for the loonie. The Canadian employment change is an important leading indicator which has a significant impact on the markets.
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