12:32 PM · 31 October 2023

BREAKING: CAD drops after August GDP miss

Canadian monthly GDP report for August was released today at 12:30 pm GMT. Report was expected to show a 0.1% MoM expansion of the Canadian economy, following a lack of growth (0.0% MoM) in July. However, actual data showed the Canadian economy stagnating and showing no growth (0.0% MoM) for another month in a row. CAD saw a negative reaction to the release with USDCAD moving higher in a knee-jerk move.

USDCAD gained after Canadian GDP release and continues to move higher towards the short-term trendline. Source: xStation5

6 November 2026, 7:12 PM

Daily summary: Wall Street rebounds after the sell-off 🔼 US dollar strengthens on solid NFP data, oil prices fall

6 November 2026, 5:37 PM

3 markets to watch next week: GBPUSD, US500, OIL (06.11.2026)

6 November 2026, 4:12 PM

🚩 EURUSD loses 0.6%

6 November 2026, 1:31 PM

BREAKING: US NFP much stronger than expected 📈 US Dollar and treasuries yields surge

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