The Fundamental FOREX Blog

On Monday, 03-01-10 at 8:30 AM ET, the Canadian Statistics Canada will release the monthly CAD Gross Domestic Product MoM report, released about 60 days after the months end.

The additional reports are:

CAD Industrial Product Price (MoM)
CAD Raw Materials Price Index (MoM)
CAD Quarterly Gross Domestic Product Annualized (3Q)
USD Core PCE Price Index m/m
USD Personal Spending m/m
USD Personal Income m/m

The USD news reports are released by the Bureau of Economic Analysis.

The last time these reports were released together was on Monday, 11-30-09. I posted a “follow up” on Saturday, 12-05-09, click here to see.

Here is what is going on tomorrow:

CAD Gross Domestic Product MoM – Stats

Previous = 0.4%

Forecast = 0.4%

Here is how I am set up for tomorrow:

CAD-6-30AM-03-01-10
Looking for a 1.0% difference
Actual > Forecast = Good for CAD
CAD Gross Domestic Production m/m
——actual———-forecast———-previous
________________0.4%________0.4%
out higher  by 1.04% – BUY CAD/JPY
out lower by 0.6% – SELL CAD/JPY

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 had been released I did post a “follow up” report of the results, click here to see what happened.

The next scheduled release of this report is on Wednesday, 03-31-10 at 7:30 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.

Stay tuned!