CAD Fundamental Analysis

 

 

   

CAD's current outlook score of 52 shows that the long-term outlook is neutral; traders with a long-term trading timeline will probably be very sensitive to the day-to-day news, thus the long-term trend will probably change based on breaking news.

The latest 10 economic indicators released out of Canada have added 2 to the total Fundamental Outlook score of CAD. This represents a low rate of growth in recent months. More specifically, the most recent economic release with the greatest impact for CAD was the Canada GDP m/m, which took place on March 31, 2017 at 12:30pm GMT. The Deviation for the Canada GDP m/m is 0.3% and the Forecast at the time was 0.3%. The actual figure came in at 0.6%, which was a positive surprise for CAD.


Although the current score for CAD is 52, please understand that this merely reflects the long-term view based on official economic data out of Canada. This outlook score does not account for market sentiment, namely risk appetite or risk aversion, order flows, or any breaking news that has the potential of changing the short-term market trend.


Fundamental Outlook Score is meant to be used as a direction confirmation tool, the idea behind this indicator is the sum of the effects of market sentiments into an easy to understand format. The proper use of this tool is to pre-qualify your trade. In the case of CAD, which has a neutral score, your bias would be to stay away from it for the time being until a clear trend emerges. This DOES NOT MEAN you should trade in the direction of the score blindly, but use it to filter out other trading signals that may tell you to go in the opposite direction... I believe ultimately the market will follow the fundamentals, and that's the key to Fundamental Outlook Score. Click here for more information and detailed explanation on Fundamental Forex Outlook.


Recent Economic Indicators And Impact Score For Canada

  Date Event Description Forecast Actual Score
2017-05-19 Canada Core CPI... 0.0% 0.5%
2017-05-19 Canada Core Retail Sales... 0.2% -0.2%
2017-05-05 Canada Employment Change... 20.0K 3.2K

Canada Core Retail Sales
  Date Actual Forecast Score
2017-05-19 -0.2% 0.2%
2017-04-26 -0.1% -0.2%
2017-03-21 1.7% 1.3%
2017-02-22 -0.3% 0.8% -1
2017-01-20 0.1% 0.1%
2016-12-22 1.4% 0.7% 1
more...
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