Trade ideas on May 29
Let’s look at main movements on the market.
Take a chance to trade the CAD on an important release
Canada will publish gross domestic product or GDP at 15:30 MT time on November 30.
GDP measures the economic activity of a country. Last time analysts expected a decline in the data. However, the actual figure showed an increase by 0.1%. We will see whether the data will surprise with a rise this time.
• If the GDP is higher than expected, the CAD will rise.
• If the GDP is lower than expected, the CAD will fall.
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Trade ideas on May 29
Let’s look at main movements on the market.
EUR: beating the USD so far
Thursday ended with the EUR/USD being high above of local resistance of 1.10. What's the target now?
All attention to AUD: cash rate and RBA statement
The Reserve Bank of Australia will make a statement and release the cash rate on Tuesday, June 2, at 8:30 MT time.
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