Intraday Market Thoughts

Rising USDCAD Awaits Friday's GDP

by Ashraf Laidi
Feb 27, 2014 18:42

The Canadian dollar awaits Friday's release of December and Q4 GDP, which could be the worst reading in 6 months. The bullish bias of the pair is especially highlighted by the fact that it took as many as 12 sessions for USDCAD to drop 2.8% earlier this month, but took as few as 3 sessions to pare back all those losses. More charts & analysis

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Rising USDCAD Awaits Friday's GDP - Usdcad Feb 27 (Chart 1)

Act Exp Prev GMT
GDP (DEC) (m/m)
-0.3% 0.2% Feb 28 13:30
GDP Annualized (Q4) (q/q)
2.5% 2.7% Feb 28 13:30

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