CA GDP

NEWS TRADINGFriday March 30, 2012[8:30am NY Time]


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 0.4%
ACTION: USD/CAD SELL 0.4% / BUY -0.2%The Trade PlanLet´s look to SELL USD/CAD if we get a 0.4% or better
release, or we'll BUY USDCAD on a -0.2% or worse release.
With recent uncertainty in the commodity space, a strong
fundamental such as the GDP figure may be the catalyst we
need to see more volatility in CAD.


DefinitionGDP is defined (by wikipedia) as: “the market value of all final goods and services produced within a country in a given period of time. It is also considered the sum of value added at every stage of production of all final goods and services produced within a country in a given period of time.”

USD/CAD is my official pair for this trade, and this pair doesn´t give up retracement easily. In the event that we get a strong release, expect USD/CAD to spike, stall, and then spike again. We may see some limited retracement, if any. The strategy to trade this release is usually just get in as soon as possible and let it ride.


Book : Currency Trading for Dummies - Brian Dolan

Book : Profiting with Forex - John JAGERSON

Book : Forex Essential in 15 Trades - John M. Bland