Online Forex broker
| Canadian central bank raised its benchmark interest rate twice in 2017. At its last meeting in December, Governor Stephen Poloz sounded rather hawkish. At the same time, Canada’s economy has some problems that may make the Bank of Canada (BOC) put off policy tightening. |
| The BOC will announce its rate decision at 17:00 MT time on January 17. The probability of a rate hike at this meeting isn’t high, but traders will watch the central bank’s statement and the following press conference at 18:15 MT time. As a result, there are almost no doubts that USD/CAD will make big moves during these events. |
On Friday, the evergreen buck declined versus its counterparts due to the fact that Fed Vice Chairman Richard Clarida expressed concerns as for global surge and came up with quite dovish remarks on monetary policy…
On Friday, the UK currency managed to inch up notwithstanding worries over Brexit as well as the resignation of major statesmen in Prime Minister Theresa May’s cabinet…
On Thursday, the evergreen buck surged versus its counterparts because mostly bullish economic data managed to reaffirm investor hopes that the American economy is still on firm footing, while a dive in the UK currency also backed sentiment…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
Your request is accepted.
A manager will call you shortly.
Internal error. Please try again later
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
