The Canadian Dollar and U.S. Dollar are expected to be at the forefront of trading today.

Opening large positions in both of these currencies could bring you large profits, as this week’s trading comes to a close.

Daily Forex Tips

11:00 GMT – CAD Unemployment Rate

The percentage of the workforce that is unemployed, and who is actively seeking employment during the previous month.

Important indicator of economic health, as consumer spending is highly correlated with the labor market.

If the actual end result is lower than the forecasted 8.7%, this may push-up the Canadian Dollar today.

12:30 GMT – USD Non-Farm Employment Change

Change in the number of employed people during the previous month. Expected to be slightly better at -223,000, from the previous reading of -247,000.

Job creation is a leading indicator of consumer spending, which accounts for a majority of overall economic activity.

This is vital economic data, and is expected to have a strong impact on USD trading.