The Bank of Canada will publish a rate statement and update on the interest rate on Wednesday, at 17:00 MT time.
Bank of Canada’s meeting
|In the environment of uncertainty caused by trade wars, it is not likely that the Bank of Canada will raise the interest rate. However, every piece of information from the central bank will give new drivers the market sending USD/CAD either up or down. During the meeting at 17:00 MT time on April 18, the BOC Governor will define the nation’s future monetary policy. If the speech is hawkish, the Canadian dollar will be able to gain strength. The regulator’s press conference will start at 18:15 MT time.|
The overall market sentiment is risk-on. The S&P 500 index (US 500) is getting close to the all-time high. Oil is recovering quickly from its recent losses.
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
PMI reports from the EU, the UK, and the USA will be released during the day!