
We prepared an outlook of major events of this week. Check it and be ready!
The Canadian monthly GDP is announced on Wednesday at 15:30 MT time.
Instruments to trade: USD/CAD, EUR/CAD, CAD/JPY, CAD/CHF
In September, the Canadian economy grew 0.8% against the value of August. That’s a slightly weaker performance after 0.9% the month before, and significantly weaker than 2.5%, 6.2%, and 4.6% in the previous months consecutively. And the thing is, it’s not bad news: a developed country rarely sees figures higher than 1% of economic growth month over month. So seeing the GDP slowly calm down should mean that the Canadian economy is most probably getting back to normal. That’s a strategic view though. In the short-term, on the day of the GDP announcement, the market will move according to its expectations. If the GDP is better than thought, the market will push the CAD; otherwise, it will drag it down.
We prepared an outlook of major events of this week. Check it and be ready!
Here you'll find what awaits the market this week, from the CPI release to a possible gold plunge.
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
The news is essential if you want to trade. Don't miss our digest, where we'll tell you about the most interesting events, happening right now.
A new trading week is coming…
News is always important part of the market. What do we expect today?
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