German factory orders unexpectedly plunged and confirmed that the global economy extends its weakness. Forex traders anticipate the final reading on third-quarter GDP out of the Eurozone, together with retail sales. Economists anticipate a contraction in retail sales ahead of the holiday shopping season. How will the EURCAD react following the release of more Eurozone economic data? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade.

Forex traders will get Canadian trade data as well as the key Ivey PMI. Economists anticipate a sharp rebound in the Ivey PMI and the Bank of Canada kept interest rates unchanged at 1.75% as it views the global economy as solid. What impact will today’s data have on the EURCAD? Can bears force more downside or will bulls step in an attempt a recovery? Today’s fundamental analysis will take a look at the upside potential as well as the downside risk in this currency pair.