Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
The CAD May Rise on Economic Data
Information is not investment advice
What will happen?
Canada will publish a GDP growth for April on June 30 at 15:30 MT time (GMT +3). This is one of the most important economic indicators. It shows the change in the value of goods and services produced by the economy in comparison to the previous month. In March, the GDP growth outperformed the forecasts. The indicator grew 1.1%, beating analysts’ estimates of 1%.
How to trade on the Canadian GDP?
If you want to trade on the release of this indicator, follow the economic calendar, compare the release with the forecasts and place an order afterward.
- If the actual figures are higher than the forecasts, the CAD will rise;
- Alternatively, the CAD will weaken.
Instruments to trade: USD/CAD, GBP/CAD, CAD/JPY
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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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