Good morning, traders! Here’s the most impactful news of the week and the day. The market will be highly volatile, so you better be ready.
The Canadian dollar may move higher
The level of GDP for Canada is going to be released at 15:30 MT time.
As you may know, the GDP growth is the broadest measure of economic activity of a country. Last time it increased by the higher-than-expected level of 0.3%. It made the CAD bulls excited and pushed the loonie higher. If this time it happens again, we can anticipate the rise of the Canadian currency.
• If the GDP is higher than expected, the CAD will rise;
• If the GDP is lower than expected, the CAD will fall.
It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.
Be ready to trade like never before, as this week may turn the market upside down. US CPI, EU Interest Rate, and many news to follow. Here’s what we have:
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The US stock market fell in the third quarter. What's going on and why economists think that the last quarter will be better? Let's discuss it all here.
BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!