The Canadian economy grew by 0.4% in November, better than 0.3% expected and top of an upwards revision for October: a slide of 0.2% instead of -0.3% initially reported. USD/CAD fell to a new low of 1.3041. Can it make a move on the round 1.30 level? This is the next line. Canadian producer prices are up 0.4%, a miss in comparison to 0.6% expected, but on top of an upwards revision. Year over year, Canadian PPI is up 2.2% after 1.5% last time. The Raw Materials Price Index is up 6.5% against 2.9% predicted. Year over year, GDP is up 1.6%. In the US, the quarterly employment cost index is up 0.5% versus 0.6% that was forecast and the same figure seen in the previous quarter. Canada was expected to report a monthly growth rate of 0.3% in November 2016 after a slide of 0.3% in October. See the preview: trading Canada’s GDP with USD/CAD. Canada is unique in publishing growth figures on a monthly basis. USD/CAD traded around 1.3080 ahead of the publication. The US dollar has been on the back foot as Trump Muslim Ban continues reverberating. The new administration is busy in trying to implement campaign promises, but markets want to see fewer trade wars and more fiscal stimulus and is getting the opposite so far. More: CAD: Here Is Why Keystone Pipeline Is Not The Key For CAD – CIBC Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next US Consumer Confidence misses expectations – EUR/USD touches 1.08 Yohay Elam 6 years The Canadian economy grew by 0.4% in November, better than 0.3% expected and top of an upwards revision for October: a slide of 0.2% instead of -0.3% initially reported. USD/CAD fell to a new low of 1.3041. Can it make a move on the round 1.30 level? This is the next line. Canadian producer prices are up 0.4%, a miss in comparison to 0.6% expected, but on top of an upwards revision. Year over year, Canadian PPI is up 2.2% after 1.5% last time. The Raw Materials Price Index is up 6.5% against 2.9% predicted. Year over year, GDP is… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
