The Fundamental FOREX Blog

On Monday, 07-30-10 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.

Additional news releases are:

USD Advance GDP q/q
USD Advance GDP Price Index q/q

Released by the Bureau of Economic Analysis

USD Employment Cost Index q/q

Released by the Bureau of Labor Statistics

I posted a “follow up” on Sunday, 06-06-10 of the May news release, click here to see.

Here is what is going on tomorrow:

CAD Gross Domestic Product MoM – Stats

Previous = 0.0%

Forecast = 0.1%

Here is how I am set up for tomorrow:

CAD-8-30AM-ET-07-30-10
Looking for a 1.0% difference
Actual > Forecast = Good for CAD
CAD GDP m/m
——actual——-forecast——–previous
______________0.1%________0.0%
out higher  by 1.1% – SELL GBP/CAD
out lower by -0.9% – 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 was 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 Tuesday, 08-31-10 at 8:30 AM ET.

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

Stay tuned!