Archived IMT (2009.11.06)

Expect CAD and NZD to among the BIGGEST LOSERS IN THE EVENT of disappointing US figures. We could see USDCAD regain 1.0760 and extend to the right shoulder of 1.08 in the event of 10% US unemployment. CADJPY seen testing 84.40, followed by 83.70 in event of disappointing US figures. GBP SEEN KEY WINNER IN EVENT OF BETTER than exp US jobs, Resist at 1.6670. WHY YOU SHOULD FOLLOW OUR TWEETS (twitter/alaidi). 30 mins before the 12:00 GMT release of the Canadian jobs figures (which we previewed in last nights IMT), we told our followers on twitter (see the progression of the tweets in the link http://chart.ly/ekcwan ) they could expect USDCAD to rise from 1.0645-50 towards .0690 as we disagreed with market consensus, which was expecting an unrealistic 3 straight monthly creation of jobs. Not only did CAN jobs fell by 43K but the unemp rate jumped to a fresh 11-year high of 8.6%. USDCAD gained 45 pips BEFORE the data to reach 1.0690, then rallied to 1.0736 after the figures.