Canadian GDP (M/M)


Fx News Spike Signals by Crazy Cat, 2018/11/30

Release Time: 08:30 New York time (EST)
Primary currency pair: USD/CAD
Forecast: 0.1
Prior: 0.1
LT1 (Lower Trigger 1): -0.2 [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 ( -0.2 trigger), USD/CAD should go up by about 35 pips. If it comes out at 0.3 or better ( +0.2 trigger), USD/CAD should go down by about 35 pips.

Based on 17 estimates, the median estimate is 0.1%, and the average estimate is 0.09%. The highest estimate is 0.2% (three estimates), then 0.1% (10 votes), 0.0% (three estimates) and then the lowest estimate is -0.1% (one estimate). One standard deviation is +/- 0.08%, slightly higher than last month.

This month we will also have Canadian GDP Annualized so that's why I prefer to use +/-0.2 triggers in case there is a conflict there. You can always set up conflict resolution settings, allowing you to try more aggressive triggers.

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

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