Canada will publish employment change and an unemployment rate on Friday, at 15:30 MT time.
Will the GDP growth strengthen the CAD?
Canada will publish the monthly GDP growth on Tuesday, at 15:30 MT time.
Instruments to trade: USD/CAD, CAD/JPY, CAD/CHF
This is the leading indicator of the economic activity of a country. As it measures the value of all products and services produced by an economy, it plays a significant role in the assessment of economic activity. A higher GDP indicates good conditions of the economy and increases the investment attractiveness of domestic currency. Last time, the Canadian GDP rose by 0.3%. This was a higher level than analysts' expectations of 0.1%. As a result, the Canadian dollar strengthened against other currencies.
• If the actual level of GDP is higher than the forecasts, the CAD will rise;
• If the actual level of GDP is lower than the forecasts, the CAD will fall.
Eurozone, France, and Germany will publish the flash services and manufacturing PMIs on February 19, from 10:15 to 11:00 MT time
The Canadian monthly GDP is announced on Wednesday at 15:30 MT time.
The Australian economy has been on a steady recovery path, and now we have a very symbolic confirmation that S&P ASX 200 is about to cross 7000!
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The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.