Will the Canadian monthly CPI boost the CAD?

Will the Canadian monthly CPI boost the CAD?

Canadian monthly CPI is announced on Wednesday at 15:30 MT time.

Instruments to trade: USD/CAD, NZD/CAD, GBP/CAD, CAD/JPY

April’s CPI in Canada plunged to -0.2% in April after a step down to 0.9% the month before. Before, an average of 2% was a commonly expected price level. Now, all hopes are on the May release: observers are looking for signs of recovery in the Canadian economy, and the increase in the level of prices would indicate that things are improving. The market will be careful with setting its estimates for the coming release hence even a slight difference into the positive zone will make this indicator boost the CAD in the short-term.

  • If the CPI shows improvements, the CAD will rise.
  • If the CPI is depressive, the CAD will fall.

Check the economic calendar

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Bank of England’s Statement
Bank of England’s Statement

The Bank of England will announce its policy statement on December 16, Thursday, at 14:00 GMT+2 (MetaTrader time). It will affect all the pairs with the British pound.

Latest news

FED and BOE Make Another Attempt to Beat Inflation
FED and BOE Make Another Attempt to Beat Inflation

The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.

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