Australia will release employment change and an unemployment rate on July 15, at 04:30 MT time.
The CAD May Rise on Economic Data
What will happen?
Canada will publish a GDP growth for April on June 30 at 15:30 MT time (GMT +3). This is one of the most important economic indicators. It shows the change in the value of goods and services produced by the economy in comparison to the previous month. In March, the GDP growth outperformed the forecasts. The indicator grew 1.1%, beating analysts’ estimates of 1%.
How to trade on the Canadian GDP?
If you want to trade on the release of this indicator, follow the economic calendar, compare the release with the forecasts and place an order afterward.
- If the actual figures are higher than the forecasts, the CAD will rise;
- Alternatively, the CAD will weaken.
Instruments to trade: USD/CAD, GBP/CAD, CAD/JPY
The Bank of Canada will publish a rate statement and update on the interest rate on Wednesday, at 17:00 MT time.
Much impactful news will come out! Read the article to get fresh trade ideas for the whole week!
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
Hong Kong stock index extended a decline sparked by China’s tech crackdown. Tesla posted better-than-expected results. Jump in!
This week Apple, Microsoft, Google, Facebook, Pfizer, and other large US companies will deliver earnings reports…