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Canadian GDP m/m

Discussion in 'Economic Indicator Descriptions' started by Felix Homogratus, Nov 29, 2009.

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  1. Felix Homogratus

    Felix Homogratus Commander in Chief

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    Canadian GDP m/m comes one once every month.

    GDP stands for Gross Domestic Product. It measures complete country's output in both goods and services. The higher the number, the healthier the economy, and vice versa.

    When making decisions to raise or cut interest rates, Canada cares about its GDP a lot, so when GDP comes out better than expected, traders tend to sell USD/CAD, and it tends to go down. When GDP comes out lower than expected, traders tend to buy USD/CAD, and it tends to go up.

    To see a history of this economic indicator and charts of how it affected USD/CAD and other currencies, please click here:
    Forex News Trading | Details and History for CAD GDP m/m

    If you want me to email you 1 day before this report is released, and explain to you in details on how to trade it, then please sign up for my free trading signals by going to this link:
    Forex Daily Trading Signals - Forex Peace Army Forum

    In the signal, I tell you exactly how many pips the currency will most likely move, depending on the difference between expected and actual numbers.
     
    #1 Felix Homogratus, Nov 29, 2009
    Lasted edited by : Sep 8, 2016
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