The US consumer sentiment will be published on July 17 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 Canadian central bank will announce interest rates and make a speech on Wednesday, July 15, at 17:00 MT time. Also, the BOC press conference will be later at 18:15 MT time.
Risk-on is back on the market. Riskier currencies and stocks are in favor. Gold is rising too as investors try to hedge.
The market sentiment improved after the USA reported some decreasing in coronavirus hospitalizations. Gold dropped below $2 000 and the US dollar dipped down, while stocks surged. Let’s have a closer look.
The RBNZ will make the monetary policy statement on August 12 at 5:00 MT time!
The market has started the week with a mixed sentiment…