Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
All eyes on Canadian GDP
Information is not investment advice
Canadian GDP growth will be released on Friday, May 29, at 15:30 MT time.
Instruments to trade: USD/CAD, EUR/CAD, AUD/CAD
The growth rate of a nation’s Gross Domestic Product, also known as GDP, is one of the most important indicators for each currency. Canadian economy stagnated in February after three months of growth. This time we’ll get the figures for March. It’s quite clear that the coronavirus had its devastating impact on the data. The bigger the contraction in Canada’s GDP, the more traders will decide to sell the Canadian currency.
If the figure is better-than-thought, the CAD will rise.
Otherwise, the CAD will fall.
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Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
The US Labor Market And Real Estate Market Are In Focus This Week
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.
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