Take a chance to trade the CAD on an important release

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.

Check the economic calendar

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Market updates on August 15

The risk sentiment remains under pressure after the comments by China about the countermeasures against the US tariffs. Thus, the AUD/USD and the USD/JPY pairs will be under our attention.

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