The Statistics Canada released CAD GDP data that came out in line with expectations of negative 0.1%.
"The Canadian economy had a tough stretch through the latter stages of 2018, and the oil production cuts will make the early 2019 data look soft as well. However, this weakness is fully expected, with fourth quarter and first quarter growth forecasted to average about one per cent."Reitzes wrote in a report.
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| Historical Data Table: GDP m/m | Economic Calendar for 05.02.2019 | ||||||||
| Date | 29.03.2018 | 30.08.2018 | 31.10.2018 | 30.11.2018 | 31.01.2019 | 12:30 AM | AUD Retail Sales m/m | ||
| Actual | -0.10% | 0.00% | 0.10% | -0.10% | -0.10% | 9:30 AM | UK Services PMI | ||
| Forecast | 0.10% | 0.10% | 0.00% | 0.10% | -0.10% | 15:00 PM | US ISM Non-Manufacturing PMI | ||
| Initial Reaction on Main Pairs | Open Position Proportions on 04.02.2019 | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/CAD | 0.95651 | 0.95643 | -0.01% | AUD/CAD | 68.52% | 31.48% | |||
| CAD/CHF | 0.75515 | 0.75567 | 0.07% | CAD/CHF | 48.27% | 51.73% | |||
| EUR/CAD | 1.50992 | 1.50961 | -0.02% | EUR/CAD | 40.63% | 59.37% | |||
| USD/CAD | 1.31477 | 1.31374 | -0.08% | USD/CAD | 32.28% | 67.72% | |||