Tuesday is usually a day packed with announcements and today is no different. This makes it a very good day for trading since a lot of currencies are going to change. Good traders will be able to predict which way the currency will change before the announcement.
Here’s a summary of today’s important announcements and what currencies they affect:
- CPI Flash Estimate - 5:00am Eastern Time. Affects Euro.
- GDP - 8:30am Eastern Time. Affects CAD.
- Manufacturing PMI- 9:00pm Eastern Time. Affects CNY.
- Retail Sales- 9:30pm Eastern Time. Affects AUD.
Trading Tip: These announcements can greatly affect the Euro, CAD, CNY and AUD. It's a good time to trade it.
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