How Will GDP Affect CAD?
What will happen? Canadian m/m GDP will be announced at 15:30 MT (GMT+3) on Thursday, September 30…
Will the BOC surprise with a rate hike?
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.
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Canada will release 5 Consumers Price Indexes in 1 day!
Canada will release its inflation rate in different forms, including Common, Median, Trimmed, Core, and All items CPI on September 15, 15:30 GMT+3.
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What will move the market on October 18-22?
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Gold Skyrocketed, USD Dropped. What Drives The Market Today?
The Fed is ready to start tapering in November. Since the markets were expecting this and it wasn’t a surprise, the USD slumped allowing risk-on currencies and gold to rally up.
High-Impactful Event for Forex: US Retail Sales
US Retail Sales will be out on October 15 at 15:30 MetaTrader time (GMT+3).
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