Canada will post Retail Sales and Core Retail Sales on December 21, at 15:30 GMT+2.
How Will GDP Affect CAD?
What will happen?
Canadian m/m GDP will be announced at 15:30 MT (GMT+3) on Thursday, September 30.
It's the broadest measure of economic activity and the primary gauge of the economy's health. Gross domestic product measures a change in the inflation-adjusted value of all goods and services produced by the economy.
Last time the result met the expectations, but CAD/CHF demonstrated high volatility.
How to trade on Canadian GDP?
- If the GDP is greater than forecast, the CAD is likely to strengthen against other currencies.
- If the GDP is lower than forecast, the CAD is likely to weaken against other currencies.
What will happen? BOC will report its Monetary Policy statement at 17:00 MT (GMT+3) on Wednesday, October 27…
Canada will publish the Retail Sales and Core Retail Sales on October 22, at 15:30 MT time (GMT+3).
As Europe moves into recession, next week may provide us with some amazing trading opportunities. Here they are!
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.