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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.
Canada´s monthly GDP report will be released today. Here´s the trading forecast:
8:30am NY Time Canada GDP m/m Forecast 0.3% Previous 0.2%
ACTION: USD/CAD SELL 0.6% / BUY 0.0%
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 October.
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%
The Trade Plan
Let´s look to SELL USD/CAD if we get a 0.4% or better 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.
For more information on my trading methods, please read:
http://www.newsprofiteer.com/mentoring/mastermind-mentoring-system-webinar-1-of-3/
Revised GDP q/q, or better known as the 2nd quarterly GDP release, is going to be the focus for today. Here is the forecast:
4:30am (NY Time) UK Revised GDP q/q Forecast 0.2% Previous 0.2%
ACTION: GBP/USD BUY 0.5% SELL -0.1%
The Trade Plan
Since this is the second release of the 2nd quarterly GDP, we´re not likely to get a huge surprise as most 2nd releases are pretty much inline. However, judging from the expected release of 0.2% and previous release of 0.2% (Prelim GDP), we may not get a surprise release after all.
UK quarterly GDP release is always a high impact report. With this being the Prelim release, or the first release of three, we are likely to see more market participation. Here is the forecast number:
4:30am (NY Time) UK Revised GDP q/q Forecast 0.2% Previous 0.5%
ACTION: GBP/USD BUY 0.5% SELL -0.1%
The Trade Plan
Our deviation for today’s trade is 0.3% to SELL and 0.3% to BUY. We’ll look to possibly SELL GBP/USD at -0.1% of release figure or worse; BUY GBP/USD at 0.5% of release figure or better.
Canada’s monthly GDP report will be released today. Here’s the trading forecast:
8:30am NY Time Canada GDP m/m Forecast -0.1% Previous 0.3%
ACTION: USD/CAD BUY -0.3%
The Trade Plan
Let’s look to BUY USD/CAD if we get a -0.3% or lower 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.
For more information on my trading methods, please read:
http://www.newsprofiteer.com/mentoring/mastermind-mentoring-system-webinar-1-of-3/
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 BUY 0.0% SELL 0.4%
The Trade Plan
Let’s look to BUY USD/CAD if we get a 0.0% or lower release. Look to SELL USD/CAD if we get a 0.4% or higher. 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.
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