Final Opportunity for the CAD
Canada will post Retail Sales and Core Retail Sales on December 21, at 15:30 GMT+2.
All eyes on Canadian GDP
Canadian GDP growth will be released on Friday, May 29, at 15:30 MT time.
Instruments to trade: USD/CAD, EUR/CAD, AUD/CAD
The growth rate of a nation’s Gross Domestic Product, also known as GDP, is one of the most important indicators for each currency. Canadian economy stagnated in February after three months of growth. This time we’ll get the figures for March. It’s quite clear that the coronavirus had its devastating impact on the data. The bigger the contraction in Canada’s GDP, the more traders will decide to sell the Canadian currency.
If the figure is better-than-thought, the CAD will rise.
Otherwise, the CAD will fall.
Similar
The Euro Awaits Indicator of Consumer Confidence
The Eurozone will publish the Indicator of GfK Consumer Confidence on November 25, at 09:00 GMT+2.
Traders Await US Retail Sales
US Retail Sales will be out on November 16 at 15:30 MetaTrader time (GMT+2). Get ready with us!
Latest news
What’s New with Australian Unemployment Rate?
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
Can the UK CPI surprise?
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Retail Sales Update
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
