ONLINE FOREX BROKER
The Bank of Canada will release the interest rate on October 24 at 17:00 MT time.
The market anticipates a rate hike. It’s not a secret that an increase of the interest rate always supports the currency. Last time the Bank of Canada has raised the interest rate in July 2018. It was quite unexpectedly for the market as the environment of uncertainties around the trade war made the central banks cautious.
Up to now, the Canadian inflation level is well above the target that makes traders believe in the rate hike.
• In case of the rate hike, the CAD will rise.
• In case of the neutral/negative rate, the CAD will fall.
China delays GDP data because of potentially harmful numbers, but we will never delay our news because every release is an opportunity to trade on it! Here’s what will move markets today:
The UK Office for National Statistics will publish its Consumer Price Index (CPI) update on October 19 at 09:00 GMT+3 and Statistics Canada will release the Consumer Price Index (CPI) on October 19 at 15:30 GMT+3.
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
Happy Tuesday, dear traders! Every day brings new opportunities to trade! Let’s see what you need to know: Today’s events 07…
The central banks' meetings will highlight the week as well as the PPI release
Good Friday, traders! The markets are frozen ahead of today's NFP release at 15:30 GMT+2…
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