Looking for free forex signals? You’re in the right place. Today we look at the NZD/CAD instrument and we have a buy-stop order for you (see full details below). New Zealand has swerved to avoid a double-dip recession. GDP was up 1.6% on the fourth quarter. That beat the forecast of 0.5% by economists. Year on year GDP growth improved dramatically too, coming in at 2.4% compared to 0.9% growth rate that was expected. As in other economies, the property market is booming and that has helped to flatter the results, bu the all guns blazing stimulus packages from the government have been the main fuel, on both the monetary and fiscal fronts. Get Forex Signals! NZD/CAD: inflation heating up Also, as elsewhere, inflationary heat is building in the economy, which led the central bank last month to hint that it might raise rates earlier than previously thought. That’s a sentiment that turns out to be ahead of the curve re. the US Fed, which yesterday said something very similar, bringing forward its next expected rate rise by a year to 2021. The hot property market in New Zealand has helped to some extent to offset the collapse in the important tourism sector in the wake of the Covid pandemic and closed borders around the world. Shortly after the report the New Zealand dollar shifted higher, priced at 70.70 against the US dollar, up from 70.60 cents. According to Bloomberg investors now think there is an 84% chance of a rate rise by May 2022, up from 60% prior to the publication of the GDP report. Meanwhile in Canada the inflation rate in May climbed to 3.6%, which is the highest reading in a decade. Commenting on the price inflation, CIBC senior economist Royce Mendes said: “Retailers have had a very tough time, bars and restaurants have had a very tough time over the past year and they’re going to want to make up for some of that lost ground with higher prices.” Now let’s get to the trading signal. Free forex signals NZD/CAD – Buy Instrument: NZD/CAD Order: BUY STOP Entry price: 0.8719 Stop Loss: 0.8636 TP1: 0.8803 Recommended Risk: 1% Risk / Reward Ratio: 1:1 Signal validity period: Good until cancelled Please bookmark this page to keep abreast of any updates to this signal. Get Free Forex Signals – 82% Win Rate! Get Forex Signals! 3 Free Forex Signals Every Week – Full Technical Analysis Gary McFarlane Gary McFarlane Gary was the production editor for 15 years at highly regarded UK investment magazine Money Observer. He covered subjects as diverse as social trading and fixed income exchange traded funds. Gary initiated coverage of bitcoin and cryptocurrencies at Money Observer and for three years to July 2020 was the cryptocurrency analyst at the UKâ€™s No. 2 investment platform Interactive Investor. In that role he provided expert commentary to a diverse number of newspapers, and other media outlets, including the Daily Telegraph, Evening Standard and the Sun. Gary has also written widely on cryptocurrencies for various industry publications, such as Coin Desk and The FinTech Times, City AM, Ethereum World News, and InsideBitcoins. Gary is the winner of Cryptocurrency Writer of the Year in the 2018 ADVFN International Awards. View All Post By Gary McFarlane Forex News Today: Daily Trading NewsForex Trading Signals share Read Next US Dollar Index Price Analysis: Looks bid and targets 92.00 FX Street 6 months Looking for free forex signals? You're in the right place. Today we look at the NZD/CAD instrument and we have a buy-stop order for you (see full details below). New Zealand has swerved to avoid a double-dip recession. GDP was up 1.6% on the fourth quarter. That beat the forecast of 0.5% by economists. Year on year GDP growth improved dramatically too, coming in at 2.4% compared to 0.9% growth rate that was expected. As in other economies, the property market is booming and that has helped to flatter the results, bu the all guns blazing stimulus packages from the… Top 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.