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CAD retail sales & GDP

  • #1
  • First Post: Dec 20, 2006 11:17pm Dec 20, 2006 11:17pm
CAD retail sales and GDP data are coming out at the same time (8-30AM EST). Moreover, USD GDP and inital claims data will be released at the same time also. EUR/CAD could be a good trade in this case. But the spread is quite large . for USD/CAD Only way to trade is to wait for the numbers and if all the data point to the same direction it could be a really nice move even if one enter after 1 or 2 minutes.
  • #2
  • Dec 21, 2006 12:18am Dec 21, 2006 12:18am
Be noted that CAD will release Retail Sales and GDP as well.

Multi-Data gives whipsaw if interpreted wrongly.

Tread with care.
  • #3
  • Dec 21, 2006 5:55am Dec 21, 2006 5:55am
Quoting BurgerKing
Be noted that CAD will release Retail Sales and GDP as well.

Multi-Data gives whipsaw if interpreted wrongly.

Tread with care.
looking at your cad gdp charts for the year it shows mostly real crappy moves, almost like the world could care less about their GDP. Retail sales on the other hand seems to be a good mover most of the time. So if one trades the spike on the eur/cad i think it should be a good trade. But then get out if the data doesnt conincide with each other. What are your thoughts Burger?
Ghost Swoopen in for my pips while no one is lookin !!
  • #4
  • Dec 21, 2006 7:25am Dec 21, 2006 7:25am
Quoting Ghostpipper
looking at your cad gdp charts for the year it shows mostly real crappy moves, almost like the world could care less about their GDP. Retail sales on the other hand seems to be a good mover most of the time. So if one trades the spike on the eur/cad i think it should be a good trade. But then get out if the data doesnt conincide with each other. What are your thoughts Burger?
The reason behind this is that the GDP does not really tell the investor anything substantially new, since gdp basically `includes or consists of` data that has been released before like retail sales factory production and so on.

GDP is more of a summary of data that is available at hand already when it is released.

Have fun !
  • #5
  • Dec 21, 2006 8:19am Dec 21, 2006 8:19am
Took a chance with the EUR/CAD


I took ++30 pips


DC
"There is MORE Happiness in giving than receiving"
  • #6
  • Dec 21, 2006 8:29am Dec 21, 2006 8:29am
Quoting drcole1
Took a chance with the EUR/CAD


I took ++30 pips


DC
why was that a chance?
Ghost Swoopen in for my pips while no one is lookin !!
  • #7
  • Dec 21, 2006 9:35am Dec 21, 2006 9:35am
2 reports coming out at the same time.

I usually don't like to trade that way. But in avoiding the other conflicts with
the USD It turned out pretty well.

DC
"There is MORE Happiness in giving than receiving"
  • #8
  • Last Post: Dec 21, 2006 10:06am Dec 21, 2006 10:06am
Quoting drcole1
2 reports coming out at the same time.

I usually don't like to trade that way. But in avoiding the other conflicts with
the USD It turned out pretty well.

DC
Agreed Doc. I thought the cad was a better trade, given the multiple reports.
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