How to trade CAD ahead of the GDP release?
Canada will publish its monthly GDP growth rate at 15:30 MT on January 31.
5 important things this week will bring us!
5 important things you need to know about this week!
RBA Governor Mr. Lowe Speaks (Tue, 01:00 MT time) – traders will get clues on the current economic situation to forecast the further direction of the AUD.
NZ Retail Sales (Wed, 1:45 MT time) – the forecast is encouraging. A chance for the NZD to recover.
Canadian Core Retail Sales (Wed, 15:30 MT time) – the forecast is unknown. Will the CAD get support in times of NAFTA uncertainties?
Jackson Hole Symposium (Thu, Day 1) – a big event where representatives of the financial markets and central banks meet. Clues on the economic conditions are anticipated.
US Core Durable Goods Orders (Friday, 15:30 MT time) – the forecast is encouraging. Chances for the USD to regain previous highs.
Hot topics:
US-China talks are resumed. Parties will meet on Aug 22 and Aug 23 to discuss trade disputes. Let’s see whether they agree on something new.
Brexit negotiations are in the arena again. UK Brexit secretary will go to Brussels this week to continue negotiations with the EU. On Thursday, the UK will begin publishing plans on how to keep the economy afloat next March if no trade deal is achieved.
Some news on the NAFTA deal is in place this week. The forecast is cloudy. Any impact on markets is anticipated.
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How to trade CAD ahead of the GDP release?
Canada will publish its monthly GDP growth rate at 15:30 MT on January 31.
PFIZER: will it repeat the jump?
The famous pharma giant Pfizer is going to release its earnings report on January 28 at 17:00 MT time.
Will the BOE manage to keep the GBP standing?
The Bank of England’s interest rate announcement and monetary report will be out at 14:00 MT on January 30.
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