Final Opportunity for the CAD
Canada will post Retail Sales and Core Retail Sales on December 21, at 15:30 GMT+2.
Will the Bank of Canada boost the Canadian dollar?
Bank of Canada will make its rate statement and announce the official rate on March 6 at 17:00 MT time.
We do not anticipate a change of the rate, but the bank of Canada may provide some supportive comments for the Canadian currency. During the previous meeting, the central bank kept its rate at 1.75% and the bank of Canada governor gave some dovish comments regarding the current economic conditions amid the falling oil prices. More hawkish outlook during the upcoming meeting will boost the Canadian dollar.
• If the Bank of Canada is hawkish, the CAD will rise;
• If the Bank of Canada is dovish, the CAD will fall.
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Bank of England’s Statement
The Bank of England will announce its policy statement on December 16, Thursday, at 14:00 GMT+2 (MetaTrader time). It will affect all the pairs with the British pound.
Key Event for All Forex: Fed Statement
The US central bank, Federal Reserve, will announce its decision on further monetary policy on December 15 at 21:00 MT.
Latest news
What’s New with Australian Unemployment Rate?
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
Can the UK CPI surprise?
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Retail Sales Update
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
