Hi there
On Wednesday, Dec 23th 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 0.4.
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
The trigger for this indicator is 0.3. This means that if Canadian GDP m/m comes out at 0.6 or higher, 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, 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.
In addition to the Canadian GDP m/m number, we will have a few 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...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
On Wednesday, Dec 23th 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 0.4.
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
The trigger for this indicator is 0.3. This means that if Canadian GDP m/m comes out at 0.6 or higher, 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, 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.
In addition to the Canadian GDP m/m number, we will have a few 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...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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