Happy Wednesday, traders! We went through the Internet and found the best news for you, take a look!
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.
The US Bureau of Labor Statistics will release its Consumer Price Index and many other critical events that will move the market this week!
It’s Wednesday, my fellow traders! The day is filled with news and events you need to know, and here’re some of them.
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.