This is the Canadian equivalent to US's NFP. Unlike NFP, this one is not as volatile but is far safer (no violent pre news movements, no whipsaws). This is a quality news not to be missed.
Take a look at 3 previous releases as attached.
I'd like to note that Last August's result may have came out earlier than the scheduled 7:00AM EST. The movement came out 2 minutes early. Some CAD news are released earlier than schedule and this may perhaps be one of them. Please tell the Canadians to synchronize their watch with a world time server!
Previous result was a poor -5.5K new jobs. Current Estimate is around 20K - a positive expectation just like last month. Surely, if the result came out negative, it will make another long run. If the number is better than 20K, expect a big short run. But what if the result is between -5K and 20K? I dont know... but perhaps it will levitate on whether the number is an improvement from the previous, and whether the CAD had made any early assessment..
Recommendation: Aggressive Straddle Distance (5-10 pips distance), Moderate TP (20-40), Moderate-Aggressive Lots (75% to 100% of your News Lot Size). Place your Straddles early (in case the news is released earlier than 7), and constantly adjust your Entries until you've noticed aggressive movements coming. Actually, by the time you see the movement, you are already in the trade..
Take a look at 3 previous releases as attached.
I'd like to note that Last August's result may have came out earlier than the scheduled 7:00AM EST. The movement came out 2 minutes early. Some CAD news are released earlier than schedule and this may perhaps be one of them. Please tell the Canadians to synchronize their watch with a world time server!
Previous result was a poor -5.5K new jobs. Current Estimate is around 20K - a positive expectation just like last month. Surely, if the result came out negative, it will make another long run. If the number is better than 20K, expect a big short run. But what if the result is between -5K and 20K? I dont know... but perhaps it will levitate on whether the number is an improvement from the previous, and whether the CAD had made any early assessment..
Recommendation: Aggressive Straddle Distance (5-10 pips distance), Moderate TP (20-40), Moderate-Aggressive Lots (75% to 100% of your News Lot Size). Place your Straddles early (in case the news is released earlier than 7), and constantly adjust your Entries until you've noticed aggressive movements coming. Actually, by the time you see the movement, you are already in the trade..
Attached Images