March 29 – Economic Events Outlook – The Day Before Good Friday

The Greenback soared dramatically on the back of better than expected final GDP. Today, investors' focus will remain on the UK and Canadian.


The market is likely to remain volatile today as most of the economies will close in observance of Good Friday tomorrow. The Greenback soared dramatically on the back of better than expected final GDP. Today, investors’ focus will remain on the UK and Canadian GDP.

Economic Events – Watch List

Eurozone – EUR

German Prelim CPI m/m

Destatis is due to release the figure during the European session. Germany is one of the Eurozone’s major business hubs. Thus, its economic events play a good part in Euro valuation. Economists aren’t expecting any surprise from the Prelim CPI and it’s expected to be 0.5% vs. 0.5% beforehand.

Great Britain Pound – GBP

Current Account

This is one of the red indicators. It typically causes 50+ pips movement in the market. The office for national statistics will be releasing the numbers at 8:30 (GMT). This is the difference in value between imported and exported goods, services, income flows, and unilateral transfers during the previous quarter.

Final GDP q/q

The Office for National Statistics is expected to release the figure at 8:30 (GMT). As per the forecast, the UK economy seems to be growing at a moderate pace in 2017. The Q4 2017 is expected to grow by 0.4% vs. 0.4% previously.

A less than expected economic growth is likely to pressure the BOE to keep the rates on hold while placing bearish pressure on the Pound.

Canadian Dollar – CAD

GDP m/m

The broadest measure of economic activity and the primary gauge of the economy’s health. Statistics Canada is due to report the figure at 12:30 (GMT). The Canadian economy is expected to grow at a rate of 0.1% vs. 0.1% previously.

At the moment, the forecast isn’t available however, the previous growth rate was 0.1%. Any divergence in the actual GDP will offer some great trades.

Summing Up –  Fellas, keep following strict money management strategies today as the market could get highly volatile. Some investors will be taking new positions on GDP data while others will be winding down their earlier trades. Keep updated to ensure you don’t miss out!

ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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