ECB is ready to take the decision about the key rate. What to expect from officials? Oil prices are high, and economy indicators demonstrate the slowing down in the strongest European economies.
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.
The Fed is going to take a decision about the interest rate. This is the crucial news for the following week. What's going on in the markets and what to expect?
Be ready to trade like never before, as this week may turn the market upside down. US CPI, EU Interest Rate, and many news to follow. Here’s what we have:
Oil prices are rising and Russia banned the export of its petrol. What's happening in the markets?
Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.