Any optimism for the Canadian labor market?
Canadian Employment Rate and Unemployment Change are announced on April 9, at 15:30.
How to trade CAD ahead of the GDP release?
Canada will publish its monthly GDP growth rate at 15:30 MT on January 31.
The year of 2019 was quite dull for the Canadian economy. In fact, it started well, showing a 0.6% growth rate in March, but since then the pace of economic growth has been declining more and more. Eventually, it reached a negative 0.1% in October, while the markets expected the nation’s GDP to rise by 0.1%. Mainly, such a performance resulted from the weaker manufacturing sector (the services industry remained unchanged). The manufacturing PMI was slightly higher in November compared to the October reading. However, the December number turned out quite disappointing. Let’s see how these figures affected Canadian monthly GDP for November.
- If the GDP growth exceeds market expectations, the CAD will rise.
- If the GDP underperforms the market expectations, CAD will fall.
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What are the details of the FOMC meeting?
FOMC will share its Meeting Minutes on April 7, at 21:00 MT time.
Will the RBA support the AUD?
The RBA will announce its Cash Rate on April 6, at 07:30 MT time.
Latest news
S&P ASX 200: one step from a breakthrough
The Australian economy has been on a steady recovery path, and now we have a very symbolic confirmation that S&P ASX 200 is about to cross 7000!
Strong USD is back
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NZD will be driven by RBNZ
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.
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