Canada will post Retail Sales and Core Retail Sales on December 21, at 15:30 GMT+2.
How Will CAD React to BOC Monetary Policy Report?
What will happen?
BOC will report its Monetary Policy statement at 17:00 MT (GMT+3) on Wednesday, October 27.
It provides valuable insight into the bank's view of economic conditions and inflation - the key factors that will shape the future of monetary policy and influence their interest rate decisions.
Last time BOC decided to keep the key rate and monetary policy stimulus at the same level. As the result, CAD/JPY dropped by 1%.
How to trade on BOC Monetary Policy report?
- If the report is more hawkish than forecast, the CAD is likely to strengthen against other currencies.
- If the report is more dovish than forecast, the CAD is likely to weaken against other currencies.
Instruments to trade: CAD/JPY, USD/CAD, CAD/CHF.
The US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.