Filed Under:  News Trading

ReviewBrokers – News Trading – Canada GDP 08:30 AM( NY Time ), Aug 28, 2020

28th August 2020   ·   0 Comments

Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy’s health. Canada releases fresh GDP data on a monthly basis.

A higher than expected reading should be taken as positive/bullish for the CAD, while a lower than expected reading should be taken as negative/bearish for the CAD.
USA GDP
Canada GDP –    08:30 AM NY time   (Friday, Aug 28)

Traded pair                 Previous   Forecast     Deviation
USDCAD                         4.5 (%)            5.2 (%)                   ±0.3 (%)

Buy      USDCAD      if actual figure is or is below   4.9 (%)
Sell      USDCAD      if actual figure is or is above    5.5 (%)

Expected move during first 30 minutes after the release is 50  pips or more.

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