
Latest news and the technical analysis fo major pairs are here!
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The BOC rate statement will be published at 17:00 MT time on March 4.
Instruments to trade: USD/CAD, CAD/JPY, CAD/CHF
The Bank of Canada bank releases the rate statement followed by the decision on the interest rate 8 times per year. While the interest rate may remain unchanged, the bank may provide its overview of the economic conditions and offer clues on the outcome of future decisions. At the previous meeting on January 22, the BOC kept its interest rate unchanged at 1.75%. The bank announced the risks remaining in the economy and noted that it will continue following them closely. The central bank's Governor Stephen Poloz did not exclude the possibility of a rate cut if the weakness of the Canadian economy is more persistent. The Canadian dollar weakened greatly after his dovish comments. As coronavirus continues making markets uncertain, let's see what Canada's regulator tells us this time.
Latest news and the technical analysis fo major pairs are here!
The risk-on is back on the market as investors focus on the projections for a stronger-than-expected economic rebound and the Fed’s pledge to prolong support for the rest of the year.
Stock indices S&P 500 and Nasdaq are falling for seven days in a row. The New Zealand dollar skyrocketed to almost two-years highs. Fed’s Powell held a meeting yesterday and said that the central bank wouldn’t tight its easing policy anytime soon.
Latest news and the technical analysis fo major pairs are here!
The giant chip maker exceeded analysts’ expectations. Even with a global GPU shortage!
OPEC will hold a meeting on March 4, where it should announce its decision on further oil output.
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