Canada will post Retail Sales and Core Retail Sales on December 21, at 15:30 GMT+2.
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 Eurozone will publish the Indicator of GfK Consumer Confidence on November 25, at 09:00 GMT+2.
US Retail Sales will be out on November 16 at 15:30 MetaTrader time (GMT+2). Get ready with us!
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.