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Hello Guys ,
As we saw yesterday the all CAD pairs had a strong movement after the strong news that came out , but it is not the end , there is an other important news on the same currency at 13:30 GMT and this time will be the GDP m/m .
GDP m/m : The Gross Domestic Product released by the Statistics Canada is a measure of the total value of all goods and services produced by Canada. The GDP is considered as a broad measure of Canadian economic activity and health. Generally speaking, a rising trend has a positive effect on the CAD, while a falling trend is seen as negative (or bearish) for the CAD.
As we saw yesterday the all CAD pairs had a strong movement after the strong news that came out , but it is not the end , there is an other important news on the same currency at 13:30 GMT and this time will be the GDP m/m .
GDP m/m : The Gross Domestic Product released by the Statistics Canada is a measure of the total value of all goods and services produced by Canada. The GDP is considered as a broad measure of Canadian economic activity and health. Generally speaking, a rising trend has a positive effect on the CAD, while a falling trend is seen as negative (or bearish) for the CAD.
