XT_Mobile_970x250_XFR
  1. Hello Guest Would you like to receive a FREE $50 No Deposit Bonus ? Check this

CAD: All eyes on January GDP data - BBH

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 31, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    Research Team at BBH, suggests that the Canada reports January GDP today.

    Key Quotes

    “It is expected to rise 1.1% y/y vs. 0.5% in December. With the Canadian economy starting to look a bit better, it seems unlikely that the BOC will ease again after the last 25 bp cut to 0.50% back in July 2015. The next policy meeting is April 13, and no change then is expected. USD/CAD made new lows for the year this week near 1.2910, with the next target seen near 1.2830 (the October 15 low).”
    For more information, read our latest forex news.
     

Share This Page

Trade indices Online