Canadian GDP (M/M)

Fx News Spike Signals by Crazy Cat, 2019/04/30

Release Time: 08:30 New York time (EST)
Primary currency pair: USD/CAD
Forecast: 0.0
Prior: 0.3
LT1 (Lower Trigger 1): -0.1 [BUY]
UT1 (Upper Trigger 1): +0.2 [SELL]
Safety: 1

NOTICE: Typically Canadian reports are released much earlier on SNW Enterprise than on SNW Elite or Pro. The time difference can be somewhere between 300 ms to over 1 sec (1000 ms). For that reason, I don't recommend trading this report if you are not SNW Enterprise subscriber.

If it comes at -0.1 or less ( -0.1 trigger), USD/CAD should go up by about 30 pips. If it comes out at +0.2 or better ( +0.2 trigger), USD/CAD should go down by about 40 pips.

You may consider +/- 0.1 triggers as well although +0.1 would be riskier to trade.

Based on 17 estimates, the median estimate is 0.0%, and the average estimate is 0.02%. The highest estimate is +0.1% (seven estimates), then 0.0% (eight votes), -0.1% (one estimate), and then the lowest estimate is -0.2% (one estimate). One standard deviation is +/- 0.08%, slightly lower than last month.

For the best results, please visit our Forex economic calendar with historic charts to check how it performed in the past.

Forex news history and charts

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