Intraday Market Thoughts
Rising USDCAD Awaits Friday's GDP
by
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
Click To Enlarge
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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