Will the BOC bring a challenge to the CAD traders?
The Bank of Canada (BOC) will release its rate statement alongside the monetary policy report during its meeting on January 22 at 17:00 MT time.
5 important events this week will bring us!
- Rate statement by the Reserve bank of Australia (Tue, 7:30 MT (4:30 GMT time)) – Analysts anticipate a rate cut to 1%. The decision is already priced in. If the rate cut happens, the AUD will weaken. On the other hand, if the bank decides to keep the rate unchanged, the aussie may be supported.
- Canadian trade balance (Wed, 15:30 MT (12:30 GMT time)) – Higher-than-expected figures will be good for the Canadian currency.
- Australian retail sales (Thu, 4:30 MT (1:30 GMT time)) – According to the forecasts, the indicator will advance by 0.2%. If the actual level is higher, the CAD will go up.
- Canadian jobs data (Fri, 15:30 MT (12:30 GMT time)) – If the level of employment change is higher and the unemployment rate is lower than the forecasts, the loonie will rise.
- NFP (Fri, 15:30 MT (12:30 GMT time)) – Will NFP come out better than the previous release? Let's find out on Friday.
Hot news:
- During the meeting between the US president Donald Trump and Chinese President Xi Jinping, the leaders agreed to restart trade talks. The US president promised not to add more tariffs on Chinese goods.
- OPEC+ members agreed to extend oil production output cuts for 9 months.
Similar
Important events this week will bring us
This week will bring us central bank statements and important economic indicators related to the main currency pairs. Read on to see which ones will be affected.
The risk sentiment gets better as Chinese data improves
The recent Chinese figures bring optimism
Latest news
NETFLIX stock: overvalued or not?
Netflix releases its Q4'2019 earnings report on Tuesday at 13:00 MT (11:00 GMT). Are you ready to trade stock on it?
Will the BOC bring a challenge to the CAD traders?
The Bank of Canada (BOC) will release its rate statement alongside the monetary policy report during its meeting on January 22 at 17:00 MT time.
OIL: back to the rising curve?
Events in Libya pushed the oil price up. So what's the strategy to benefit from it?
Deposit with your local payment systems
