Market updates on November 15
During the Asian trading session, the White House economic adviser Larry Kudlow announced the positive progress in phase one trade deal with China.
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.
Similar
Market updates on November 14
The NZD is on a steady rise after the Wednesday strong bullish move, the USD is dropping and the EUR is testing the support level.
Market updates on November 13
The RBNZ kept its interest rate on hold and we are awaiting the releases for the USD and testimony by the Fed Chair Jerome Powell
Latest news
Market updates on November 15
During the Asian trading session, the White House economic adviser Larry Kudlow announced the positive progress in phase one trade deal with China.
USD/MXN: the rate decision is ahead
The Bank of Mexico is expected to cut its interest rate from 7.75% to 7.5% today at 21:00 MT time
Oil market updates on November 14
Today, the oil prices may move on the release of crude oil inventories at 18:00 MT time.
Deposit with your local payment systems
