1. TheLastBear
  2. Currency (Forex) Trading
  3. Wednesday, 28 May 2014
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The Canadian GDP for March is expected to increase 0.1% in comparison to February. The annualized first-quarter GDP is expected to slow down to 1.7% from the 2.9% GDP growth reported for the fourth-quarter. Should expectations be confirmed it would point towards an extreme slowdown in growth which is likely to pressure the Canadian Dollar. Forex traders should be careful trading this week and be prepared for a spike in price action after Friday’s GDP report.
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Thank you for pointing this out for us TheLastBear. I'm usually waiting for reports to get released and after the market will calm down I'll enter my trade. So that's my plan for tomorrow's Canadian GDP report releasing.
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