Canada will release the employment change and the unemployment rate on October 9, at 15:30 MT time.
GDP growth: a key for trading the NZD
Information is not investment advice
New Zealand will publish the level of GDP growth at 23:45 MT time on December 18. The indicator shows the change in the value of all goods and services produced by the economy. This release is important, as it reflects the economic activity of a country and is used as a measure of economic health. The GDP growth has been a sensitive topic for traders of the NZD, as the Reserve bank of New Zealand cut its long term forecasts recently. Despite that, analysts anticipate the release for the third quarter to show the decent figures due to the better manufacturing data. The second quarter’s GDP growth rate came out better than the expectations (0.5% vs. the forecast of 0.4%). What will happen this time?
If the indicator is higher than the forecasts, the NZD will rise;
If the indicator is lower than the forecasts, the NZD will fall.
The Reserve Bank of Australia will post a rate statement, which contains an update on the interest rate on October 6, at 6:30 MT time.
Canada will announce its monthly GDP on July 31, at 15:30 MT time.
EU Flash Manufacturing & Services PMI will come out on Friday at 11:00 MT time!
The USA will publish unemployment claims on October 22 at 15:30 MT time. How to trade after the release?
Canada’s retail sales will be out on October 21 at 15:30 MT time. Get ready with us for this event!