Happy Tuesday, dear traders! Here’s what we follow:
Keep an eye on the important release for the loonie
Information is not investment advice
The level of GDP growth for Canada will be published on June 28, at 15:30 MT time.
The GDP growth represents the change in the inflation-adjusted value of all goods and services produced by the economy. During the previous release, the indicator advanced by 0.5%. That was a higher level than the forecasts by analysts. It made the Canadian dollar rise. Will the situation repeat itself this time? Let's see.
• If the actual level of GDP growth is higher than the forecasts, the Cad will rise;
• If the actual level of GDP growth is lower than the forecasts, the CAD will fall.
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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.
What's going on with the US GDP? Economists think that the first quarter will be pessimistic. Let's check.
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The most impactful releases of this week will fill the market with volatility and sharp movements.
Happy Tuesday, dear traders! Here’s what we follow:
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.