Forex Signal (Fri, Jan 29, 08:30 am EST) Canadian GDP m/m

Crazy Cat

Former FPA Special Consultant
Messages
753
Hi there

This is Crazy Cat writing.

On Friday, Jan 29th at 08:30 am New York Time we will have Canadian GDP m/m coming out. It is expected to read 0.3. Last month it read 0.2.

Please read what this indicator means and how it affects the USD/CAD by going to this link: http://www.forexpeacearmy.com/forex-forum/economic-indicator-descriptions/7676-canadian-gdp-m-m.html

Also, at the same time we are going to have US GDP.

The trigger for this indicator is 0.3. This means that if Canadian GDP m/m comes out at 0.6 or higher *AND* US GDP is the same or lower than expected, USD/CAD will probably go down by 30 pips or more in the first 45 minutes of the report. If it comes out at 0.0 or negative *AND* US GDP is as expected or higher than expected, USD/CAD will probably go up by 30 pips or more in the first 45 minutes of the report.

Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.

Once again, in addition to the Canadian GDP m/m number, we will have U.S. reports. If they conflict, I recommend skipping the trade.

To read my after-spike retracement strategy for this report click here: http://www.forexpeacearmy.com/forex-forum/felix-after-spike-retracement-strategies/7677-canadian-gdp-m-m-after-spike-retracement-strategy.html

For example: on October 30th, Canadian GDP m/m came out at -0.1, versus an expectation of 0.1. USD/CAD went up by around 90 pips. See for yourself what happened on this chart: Forex news trading currency exchange charts

I highly recommend you study the entire history and charts of this report by following this link: Forex News Trading | Details and History for CAD GDP m/m

I hope you make some money on this report.
-Crazy Cat
 
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