Online Forex broker
The Bank of Canada releases a monetary policy statement with an update on the interest rate on June 9, at 17:00 MT time. The statement provides insights on further monetary policy decisions by the regulator. Currently, the BOC keeps its interest rate on hold at 0.25%. While no changes to the rate are expected, the main focus of this meeting is going to be on the adjustments to current supportive measures (bond-buying program). In April, the Canadian central bank became the first central bank to cut its extra pandemic stimulus and hinted at a rate hike later this year. As the economy is recovering from the pandemic, the main Canadian bank may cut its bond purchases even more. Traders are recommended to follow the bank’s plans on monetary policy tightening.
The markets will likely react to any change in the tone of the bank.
Instruments to trade: USD/CAD, GBP/CAD, CAD/JPY
Quadruple witching is gone and now there are no reasons for the market to hinder. From banks statements and economic data to gas storage reading and Fed’s Powell speech – get ready for active trading.
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.
What will happen? Reserve Bank of Canada will announce the interest rate at 17:00 (GMT+3) on Wednesday, September 8…
Although Jerome Powell’s speech sounded hawkish on Wednesday, September 22, markets did not get scared and the main stock indices got bought back…
Turkey’s central bank governor was at a crossroads: to hold interest rates and take a risk to be fired like it was for three governors before him, or to comply with the president, to cut rates, and to risk the market. Let’s find out, how to react to the rate cut.
The Fed can start tapering already this November, oil is rallying pushing the Canadian dollar up! Jump in to know more!
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
