The Fed held a much-awaited meeting yesterday. The bank hasn’t made any policy changes. As a result, the USD weakened and EUR/USD rocketed. Jump in to know all the latest news!
Will the Canadian GDP make the CAD stronger?
What will happen?
Canada will publish the monthly GDP growth on March 31, at 15:30 MT time. GDP growth is one of the most important indicators of the economic activity of a country. If it recovers quickly, it gives a signal to a central bank that a monetary policy could be adjusted soon. Last time, the Canadian GDP growth revealed an economic expansion of 0.1%, as expected. The CAD had a mixed reaction to this event.
How to trade on the Canadian GDP growth?
Nothing is easier! Open our economic calendar at 15:30 MT on Wednesday and follow the rule below.
- If the GDP growth is greater than the forecast, the CAD will rise;
- Otherwise – fall.
Instruments to trade: USD/CAD, EUR/CAD, CAD/JPY
What will happen? The US Q2 Gross Domestic Product will be announced at 15:30 MT time (GMT+3) on Thursday, July 29…
Australia will release employment change and an unemployment rate on July 15, at 04:30 MT time.
Our analyst discusses the latest news and shares his trade ideas on gold, EUR/USD, and S&P 500. Jump in!
The Bank of England will publish a monetary policy statement and update on the interest rate on Thursday, at 14:00 MT time.
The Reserve Bank of Australia (RBA) will hold a meeting and announce changes to the monetary policy on August 3, at 07:30 MT time (GMT+3).