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.
Take a chance to trade the CAD on an important release
Canada will publish gross domestic product or GDP at 15:30 MT time on November 30.
GDP measures the economic activity of a country. Last time analysts expected a decline in the data. However, the actual figure showed an increase by 0.1%. We will see whether the data will surprise with a rise this time.
• If the GDP is higher than expected, the CAD will rise.
• If the GDP is lower than expected, the CAD will fall.
Canada will publish the employment change and the unemployment rate on July 10, at 15:30 MT time.
The market sentiment is mixed. Let’s look at most interesting movements on the market today.
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…