Hi ,

7:00am CA Employment Change     30.0K(E)    -9.3K(P)   25K(S)    50M
  
E = Expected Release Figure
P = Previous Release Figure
S = Deviation or Surprise Factor
M = Expected Movement In Pips (if deviation is hit)

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NEWS TRADING

Fri September 10, 2010

[7:00am NY Time]

We'll be getting the Canadian Employment Change release number
tomorrow, here is the forecast:

CA Employment Change Forecast 30K Previous -9.3K
(Unemployment Rate 8.0%)
ACTION: USDCAD BUY -1K SELL 55K

The Trade Plan
Canadian Employment Change report will be release at 7:00am sharp
today, and it's the only high impact tradable news releases today.
What I am looking for is a minimum deviation of around 30K, or the
difference between the Forecast number (30K) versus the actual
release number; therefore if we get a positive 55K of release, we
should see demand for the CAD rise, therefore we should SELL
USD/CAD; however, if we get a negative number, such as -1K or worse,
we should see some weakness in the CAD, and that will be my cue to
BUY USD/CAD pair.

I'll also pay close attention to the unemployment rate, which stands
at 8.0%, from last month's release. As long as this number does not
conflict with the Employment Changes, we should follow the direction
of the news release. If we get a conflict, such as better Employment
Changes but higher Unemployment Rate, then we'll need to look at the
context of the market before take the trade.

For a more detailed analysis including Market and Pre-News, please
visit my blog:

Canada Employment Change Detailed Analysis

Thanks,

Henry Liu