Canada´s monthly GDP report will be released today. Here´s the trading forecast:
8:30am NY Time Canada GDP m/m Forecast 0.2% Previous 0.2%
ACTION: USD/CAD SELL 0.5% / BUY -0.1%
The Trade Plan
Let´s look to SELL USD/CAD if we get a 0.5% or better release, or we’ll BUY USDCAD on a -0.1% or worse release. With recent uncertainty in the general market, a strong surprise in this GDP number may be the catalyst we need to see more volatility in CAD, and perhaps set the tone for the rest of the year…
CPI is also known a Inflation and our focus will be on the Core Inflation figure, also known as CPI excluding Food and Energy, or CPI ex Volatile Items…
Here´s the forecast:
7:00am CA Core CPI m/m Forecast -0.2% Previous 0.1%
ACTION: USD/CAD BUY -0.4% / SELL 0.2%
The Trade Plan
The Core CPI report will be released today and our deviation for this release, based on a historical track record, around 0.3%. Therefore, look for tradable figures of -0.4% or worse to BUY USD/CAD, or a +0.2% or better to SELL USD/CAD.
CPI is also known a Inflation and our focus will be on the Core Inflation figure, also known as CPI excluding Food and Energy, or CPI ex Volatile Items…
Here´s the forecast:
7:00am CA Core CPI m/m Forecast 0.2% Previous 0.3%
ACTION: USD/CAD BUY -0.1% / SELL 0.5%
The Trade Plan
The Core CPI report will be released today and our deviation for this release, based on a historical track record, around 0.3%. Therefore, look for tradable figures of – -0.1% or worse to BUY USD/CAD, or a +0.5% or better to SELL USD/CAD.
Canada´s monthly GDP report will be released today. Here´s the trading forecast:
8:30am NY Time Canada GDP m/m Forecast 0.2% Previous 0.2%
ACTION: USD/CAD SELL 0.5% / BUY -0.1%
The Trade Plan
Let´s look to SELL USD/CAD if we get a 0.6% or better release, or we’ll BUY USDCAD on a 0.0% or worse release. With recent uncertainty in the general market, a strong surprise in this GDP number may be the catalyst we need to see more volatility in CAD, and perhaps set the tone for the rest of the year…
CPI is also known a Inflation and our focus will be on the Core Inflation figure, also known as CPI excluding Food and Energy, or CPI ex Volatile Items…
Here´s the forecast:
7:00am CA Core CPI m/m Forecast 0.2% Previous 0.5%
ACTION: USD/CAD BUY 0.0% / SELL 0.4%
The Trade Plan
The Core CPI report will be released today and our deviation for this release, based on a historical track record, around 0.2% ~ 0.3%. Therefore, look for tradable figures of -0.0% or worse to BUY USD/CAD, or a 0.4% or better to SELL USD/CAD.
Canada´s monthly GDP report will be released today. Here´s the trading forecast:
8:30am NY Time Canada GDP m/m Forecast 0.2% Previous 0.3%
ACTION: USD/CAD SELL 0.4% / BUY 0.0%
The Trade Plan
Let´s look to SELL USD/CAD if we get a 0.4% or better release, or we’ll BUY USDCAD on a 0.0% or worse release. With recent optimism in the general market, a strong surprise in this GDP number may be the catalyst to push USDCAD down to the 0.9700 and set the tone for November.
CPI is also known a Inflation and our focus will be on the Core Inflation figure, also known as CPI excluding Food and Energy, or CPI ex Volatile Items…
Here´s the forecast:
7:00am CA Core CPI m/m Forecast 0.2% Previous 0.4%
ACTION: USD/CAD BUY -0.1% / SELL 0.4%
The Trade Plan
The Core CPI report will be released today and our deviation for this release, based on a historical track record, around 0.2% ~ 0.3%. Therefore, look for tradable figures of -0.1% or worse to BUY USD/CAD, or a 0.3% or better to SELL USD/CAD.
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8:30am (NY Time) US Advance GDP q/q
Forecast 3.0% Previous 1.8%
ACTION: SELL ... (2187)
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