November 2017 Canadian monthly GDP report 31 January 2018
- Prior 0.0%
- 3.5% vs 3.4% exp y/y. Prior 3.4%
PPI Dec 2017
- -0.1% vs 0.1% exp m/m. Prior 1.4%
- 2.2% vs 2.7% prior y/y
- Raw material prices -0.9% vs 5.5% prior m/m. Revised to 5.4%
- 6.2% vs 14.2% prior y/y. Revised to 13.9%
The CAD has gained on the GDP number with USDCAD touching a 1.2251 low fron around 1.2276. Manufacturing saw a decent rise which helped the good producing sector gain 0.8%. On the otherhand, the PPI data was softer which is why USDCAD has gone back up.
Ryan Littlestone
Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
Latest posts by Ryan Littlestone (see all)
- What did we learn this week? – A lesson in making mountains out of molehills - February 15, 2019
- GBP could hold the keys to some large expiries – Forex options expiries 15 February 2019 - February 15, 2019
- Forex option expiries 14 February 2019 - February 14, 2019