On Monday, 11-30-09 at 8:30 AM ET, the Canadian Statistics of Canada will release the monthly CAD Gross Domestic Product MoM report, this is released about 60 days after the months end.
This is my first post for this report, there are 3 other Canadian economic reports being released as well – at this point on time I do not have any idea how those additional reports will affect the currency market.
The additional reports are:
CAD Industrial Product Price (MoM)
CAD Raw Materials Price Index (MoM)
CAD Quarterly Gross Domestic Product Annualized (3Q)
The last time these reports were released together was on Tuesday 06-30-09. Since that was so long ago and economic conditions have changed somewhat – I will not make a record here of what happened in June.
Here is what is going on tomorrow:
CAD Gross Domestic Product MoM – Stats
Previous = -0.1%
Forecast = 0.4%
I will set up to trade either the CAD/JPY or the USD/CAD currency pairs – looking for a 1.0% difference between the “actual“ and the “forecast“.
Soon after the reports have been released I will post a “follow up” report of the results.
The next scheduled release of this report is on Wednesday, 12-23-09 at 8:30 AM ET, but the CAD report will be released along with several USD economic reports.
I will probably post a “preview“ a day or two prior.
I did post a “follow up” of this report on Saturday, 12-05-09. Click here to see what happened.
Stay tuned!
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