Earn over 200% on US unemployment data!

Oct 6, 2016

October 7, 2016 at 12:30 GMT the US and Canada will report unemployment rate. Traditionally this news causes USD currency pairs strong movements. Considering that analysts expect positive data in the USA, while the Canadian unemployment forecast is negative, the fundamentals are a great opportunity to get profit from both currencies at the same time!

Time

Currency

Event

Forecast

Previous

12:30

USD

New jobs excluding agriculture (June)

172К

151К

12:30

USD

US unemployment rate (June)

4.90%

4.90%

12:30

CAD

Unemployment change

10К

26.2К


If the data meet or surpass expectations USD may gain a good bullish momentum while CAD will probably drop. Since the future FRS rate decision will be strongly related to unemployment data, market volatility will increase and USD currency pairs will be subjected to strong movements.

At the moment the USDCAD currency pair is traded near 1.319. The potential movement in case of good data is 170 points (1 700 pips with 0.00001-accuracy quoting).

Calculations:

  • To open a 1 lot USDCAD position you will require $500: 100 000 (standard lot size)x 1 lot / 200 (leverage)* = $500;
  • 1 lot will bring you the profit of $1 292: 0.00001 (quoting accuracy) x 100 000 (standard lot size) x 1 700 (growth potential) = 1 700 CAD / 1.319 (USDCAD current price) = $1 288/9.


Thus, if you open a 5-lot position you may get $6 444.5, having invested $2 500, which makes 257.8% a day!

You are supposed to create a trading account (if you have none) in the Personal area, download a trading platform and open a position. For more details contact your personal manager by phone. Please dial +7 495 7859669 (ext. 1).

*For deposits below $50 000. Margin requirements

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Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Read full risk disclosure.

Risk Warning: 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Read full full risk disclosure.

Risk Warning: 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Read full full risk disclosure.