The Bank of Canada will make its rate statement on December 5 at 17:00 MT time.
Last time the Reserve Bank of Canada lifted its interest rate to 1.75% in October, as widely expected. It was the third increase this year. The rate reached the highest level since 2008. As the USMCA agreement was reached, the BOC can suggest hints on further tightening of its monetary policy. We do not anticipate the rate hike this time, but the comments from the statement can increase the volatility in the market.
• If the BOC statement is hawkish, the CAD will rise.
• If the BOC statement is dovish, the CAD will fall.
ECB is ready to take the decision about the key rate. What to expect from officials? Oil prices are high, and economy indicators demonstrate the slowing down in the strongest European economies.
The Fed is going to take a decision about the interest rate. This is the crucial news for the following week. What's going on in the markets and what to expect?
Nothing can stop us from finding hgh quality trades and impactful news. This market wrap proves it, here’s what you need to know:
Oil prices are rising and Russia banned the export of its petrol. What's happening in the markets?
Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.
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