GBPCAD Fundamental Analysis – April 8th 2016

GBPCAD Fundamental Analysis – April 8th 2016

Written by: PaxForex analytics dept - Friday, 08 April 2016 0 comments

Here are the key factors to keep in mind today for British Pound trades:

  • British Industrial Production and British Manufacturing Production: British Industrial Production for February is predicted to increase by 0.1% monthly and to come in flat at 0.0% annualized. Forex traders can compare this to British Industrial Production for January which increased by 0.3% monthly and by 0.2% annualized. British Manufacturing Production for February is predicted to decrease by 0.2% monthly and by 0.7% annualized. Forex traders can compare this to British Manufacturing Production for January which increased by 0.7% monthly and decreased by 0.1% annualized.
  • British Trade Balance: The British Visible Trade Balance for February is expected at -£10.200B. Forex traders can compare this to the British Visible Trade Balance for January which was reported at -£10.289B. The British Trade Balance Non EU for February is expected at -£2.500B. Forex traders can compare this to the British Trade Balance Non EU for January which was reported at -£2.199B. The British Total Trade Balance for February is expected at -£3.400B. Forex traders can compare this to the British Total Trade Balance for January which was reported at -£3.459B.
  • British NIESR GDP Estimate: The British NIESR GDP Estimate for Match is expected to increase by 0.3% monthly. Forex traders can compare this to the British NIESR GDP Estimate for February which increased by 0.3% monthly.

Here are the key factors to keep in mind today for Canadian Dollar trades:

  • Canadian Housing Starts: Canadian Housing Starts for March are expected at 190.0K. Forex traders can compare this to Canadian Housing Starts for February which were reported at 212.6K.
  • Canadian Employment Report: The Canadian Employment Report for March is expected at 10.0K. Forex traders can compare this to the Canadian Employment Report for February which was reported at -2.3K. The unemployment rate for March is expected at 7.3%. Forex traders can compare this to the unemployment rate for February which was reported at 7.3%. The labor force participation rate for March is expected at 65.9%. Forex traders can compare this to the labor force participation rate for February which was reported at 65.9%.

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