Today's Forex Update -


Japan's preliminary GDP q/q came in at 0.3%, missing the 0.5% forecast and down from the previous 0.5% as well. That's weaker-than-expected growth, a bearish signal for the Yen — worth watching if you trade JPY pairs.


At 1pm, China releases a full data batch — Industrial Production, Retail Sales, and Unemployment Rate. These numbers reflect the health of China's economy and can ripple into commodity-linked currencies like AUD and NZD.


But the real highlight is Canada's CPI at 6:30pm (red/high impact). Headline CPI m/m is forecast at 0.4%, up sharply from -0.4% previously — meaning a big swing is possible. Expect wider spreads and sharp moves on USD/CAD around this release. If you trade the news, lock in your stop loss and position size beforehand. ⏰