{"id":21381,"date":"2011-05-30T03:32:12","date_gmt":"2011-05-30T07:32:12","guid":{"rendered":"http:\/\/www.forexyard.com\/blog\/en\/?p=14456"},"modified":"2011-05-30T03:32:12","modified_gmt":"2011-05-30T07:32:12","slug":"canadian-gdp-due-out-today","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/05\/30\/canadian-gdp-due-out-today\/","title":{"rendered":"Canadian GDP Due Out Today"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/profile-pics\/9.jpg\" width=\"120\"  alt=\"printprofile\" \/><\/p>\n<p>With UK and US markets closed today liquidity may be on the light side. However, the economic calendar will not be taking a break as monthly Canadian GDP numbers will be released later today.<\/p>\n<p><span id=\"more-14456\"><\/span>CAD \u2013 GDP m\/m \u2013 12:30 GMT<br \/>\nExpectations:  0.2%.  Previous -0.2%.<br \/>\nCanadian GDP for the month of April is forecasted to grow following a disappointing month of February which had economic growth slipping into the red.  Expectations are low and any decent growth numbers would be a positive for the Loonie. Initial support for the USD\/CAD is found at 0.9740 followed by the low on March 20th at 0.9640. To the upside the recent rally has been capped at 0.9815. A breach here opens the door for gains towards 0.9970, a level where the mid-March high coincides with the 200-day moving average.<\/p>\n<p>JPY \u2013 Preliminary Industrial Production m\/m \u2013 23:50 GMT<br \/>\nExpectations:  2.5%.  Previous:  -15.5%.<br \/>\nA fall in industrial output was expected after the earthquake and tsunami and is reflected in April numbers which declined by 15.5%. A 2.5% gain may be expecting too much from a feeble <a href=\"http:\/\/www.forexyard.com\/blog\/en\/2011\/05\/25\/japanese-yen-fundamentals-and-technicals-part-i\/\">Japanese economy<\/a> and could induce further declines in the<a href=\"http:\/\/www.forexyard.com\/blog\/en\/2011\/05\/25\/japanese-yen-fundamentals-and-technicals-part-ii\/\"> USD\/JPY<\/a>. Initial support comes in at 80.35 followed by the May low at 79.50. A breach here would expose the pre-intervention low at 76.10.<\/p>\n<p>Read more forex trading news on our <a href=\"http:\/\/www.forexyard.com\/blog\/en\/\">forex blog<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p> With UK and US markets closed today liquidity may be on the light side. However, the economic calendar will not be taking a break as monthly Canadian GDP numbers will be released later today.<br \/>\nCAD \u2013 GDP m\/m \u2013 12:30 GMT<br \/>\nExpectations:  0.2%.  Previou&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-21381","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/21381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=21381"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/21381\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=21381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=21381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=21381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}