Important upcoming events and publications

Important upcoming events and publications for April 5 (GMT):

12:30 U.S. Employment report is the strongest economic indicator, that may cause sharp shocks in the markets. Investors pay attention to an unemployment rate, non-farm employment change, wages. Significant deviations often cause an immediate and strong market response, but they can also lay the groundwork for longer-term trends in the USDCAD and stocks.

12:30 Canada Employment report is an important indicator of economic activity in the country. The direct impact on rates is not as large as on the US data, but still, sharp deviations from expectations can have a noticeable influence on the CAD pairs.

17:00 Baker Hughes U.S. Rig Count is an indicator of trends in production for 6-9 months. This indicator draws attention this year after a drop in the number of rigs despite the growth of oil prices, although earlier the increase in prices has been pulling up the drilling activity.

See the detailed Economic calendar here