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Forex Economic Calendar Trading: AUDCAD trade GONE WRONG!!

By on June 27, 2020 0 24 Views
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Economic Calendar: USD Nonfarm Payrolls, CAD Employment Change

The AUDCAD BuyStop pending order was triggered as a result of slippage just before the economic data was released.

USD Nonfarm Payrolls: Nonfarm Payrolls measures the change in the number of people employed during the previous month, excluding the farming industry. Job creation is the foremost indicator of consumer spending, which accounts for the majority of economic activity.

A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD (Source:

CAD Employment Change: Employment Change measures the change in the number of people employed. Job creation is an important indicator of consumer spending.

A higher than expected reading should be taken as positive/bullish for the CAD, while a lower than expected reading should be taken as negative/bearish for the CAD (Source:

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