CAD GDP m/m – Change in the value of all goods and services produced by the economy.
USD/CAD or EUR/CAD
There are a bunch of pieces of US data coming out at the same time, but they are low impact items so I am not expecting them to have much influence on the CAD trade but you can try the EUR/CAD if you want to be safe. Watch the spread on the EUR/CAD.
In January this came out at -.3 and -.6 with a 20 pip spike, small retracement, and continuation to 30 pips in a couple minutes. In February we saw .1 and 0 with an 11 pip spike and quick retracement. In March we saw 0 and 0 with a 4 pip spike.
If we get a good deviation it should be fine, but it is not terribly likely we will see enough deviation for a good trade, so set your lot sizes accordingly or maybe just pass on it.
Things to watch
This trade should be fairly clean… there is no other news at the same time
Previous Releases -
Mar 2012 – no dev
Feb 2012 - +0.1… too small
Jan 2012- We had a -0.3 deviation, causing a 21 pip spike… not bad… but not amazing…. didn’t get much continuation.
What to expect – Trigger sizes
0.0-0.2 = Don’t trade
We will probably get a small “blip” and a hard retrace…. we don’t want to take a trade in these circumstances.
0.3 = Small trigger
We should see a reasonable spike….and should be able to make some money!
0.4+ = Large Trigger
Now we are talking!!!! We should see a nice size spike with good continuation… we can put some decent size money on this.
Time Actual Forecast Previous Revision
ОтговорИзтриване08:30 -0.2 0.2 0.1 0.1
This was a pretty nice move. We get deviation of 0.4 which is enormous for this release.From there USD/CAD made 30 pips spike in the first minute followed by very nice continuation.