Date | Friday 5th August 2022 |
Time | 12:30 |
CAD Employment Change is released prior to the US session. We trade the headline component and we add CAD Unemployment Rate as a conflict.
We expect a spike of 30 pips if a trade is triggered.
What happened last time?
CAD Employment Change – 22-07-08 | |
Time | 12:30 |
Forecast | 23.5 |
Actual | -43.2 |
Deviation | -66.7 |
One minute spike | 35 pips |
A conflict better Employment Change and Unemployment Rate was the likely cause of the spikey action. The News Trader Pro conflict prevention would have protected against this.
How we setup
Main Event | CAD Employment Change |
Market | EUR/CAD |
Deviation | +/-60 |
Prior | -43.2 |
Forecast | 20.0 |
Triggers |
Buy <-40 Sell >80 |
Conflict 1 | CAD Unemployment Rate |
Prior | 4.9 |
Forecast | 5.0 |
Triggers |
Buy >5 Sell <5 |