OctaFX | OctaFX Forex Broker
Open trading account
Back

Monthly Canadian GDP to register solid gain - RBS

FXStreet (Bali) - Monthly GDP in Canada is released today, and according to RBS, is expected to register a solid gain.

Key Quotes

"Monthly GDP in Canada is released, which is expected to register a solid gain (consensus +0.3% m/m). Fewer auto plants have closed for retooling in July than normal, which may boost seasonally adjusted growth. The trade surplus in July rose to a multi-year large and manufacturing sales advanced by the most since 2011 in July. While we still see scope for continued USD/CAD upside, we are more positive on CAD on the crosses, including AUD/CAD and NZD/CAD, amid a North American regional growth outperformance."

AUD: Counter-intuitive reaction to China data

Despite a lower-than-expected China HSBC PMI final reading, coming at 50.2 vs 50.5 preliminary, it appears as though the market sentiment towards the sentiment may have improved, if only marginally.
Read more Previous

France Producer Prices (MoM) registered at -0.3%, below expectations (0%) in August

Read more Next
Start livechat