The Fundamental FOREX Blog

On Monday, 05-31-10 at 8:30 AM ET, the Canadian Statistics Canada will release the monthly CAD Gross Domestic Product MoM report and the other 2 CAD reports, released about 60 days after the months end.

Additional news releases are:

CAD – RMPI
CAD – IPPI

I posted a “follow up” on Thursday, 05-06-10 of last months news release, click here to see.

Here is what is going on tomorrow:

CAD Gross Domestic Product MoM – Stats

Previous = 0.3%

Forecast = 0.5%

Here is how I am set up for tomorrow:

CAD-6-30AM-05-31-10
Looking for a 1.0% difference
Actual > Forecast = Good for CAD
CAD GDP m/m
——actual——-forecast——–previous
______________0.5%________0.3%
out higher  by 1.5% – SELL GBP/CAD
out lower by -0.5% – BUY GBP/CAD

I will set up to trade either the GBP/CAD or the EUR/CAD currency pairs – looking for a 1.0% difference between the “actual“ and the “forecast“.

Soon after this report will be 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, 06-30-10 at 8:30 AM ET.

I will probably post a “preview“ a day or two prior.

Stay tuned!