CA GDP

January 31, 2013

CA GDP

Canada´s monthly GDP report will be released today. Here´s the trading forecast:

8.30 am NY Time CA GDP Forecast 0,2%  Previous 0,1%

DEVIATION : 0,3%  ( BUY CAD 0,5% /  SELL CAD - 0,1% )

Definition CA GDP 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.”

The Trade Plan Let´s look to SELL CAD if we get a -0.1% or worse release, or we’ll BUY CAD on a 0.5% or better release. With recent weakness in seen in CAD, a strong fundamental such as the CA GDP figure may be the catalyst we need to see more volatility in CAD.

Recommended Pairs : USDCAD. , GBPCAD

USD/CAD - US Dollar / Canadian Dollar

Resistances : Weekly 1.0095 ; Daily 1.0055 ; Hourly 1.0035

Supports : Weekly 0.99 ; Daily 0.9985 ; Hourly 1.0005

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