Market updates on November 11
A calm trading session with the US-China trade updates in focus
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.
Similar
5 important events this week will bring us
New Zealand's interest rate announcement and the indicators of British, American, Australian and European economy
Market updates on November 8
The bullish euro and the USD at 4-months highs.
Latest news
GBP/USD has risen by more than 90 pips
The remarks by Nigel Farage during the Brexit party's election event have sent the British pound higher…
Rate decision by the RBNZ: the downside risks for the kiwi
The Reserve bank of New Zealand will release the monetary policy statement and its interest rate at 3:00 MT on November 13.
Market updates on November 11
A calm trading session with the US-China trade updates in focus
Deposit with your local payment systems
