Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
Will the BOC strengthen the CAD even more?
Information is not investment advice
The Bank of Canada will publish the rate statement together with the interest rate on October 28, at 16:00 MT time.
Instruments to trade: USD/CAD, EUR/CAD, CAD/JPY
According to data from the Bank of Canada, the financial market conditions in the country are improving. As a result, the regulator has announced changes to its supportive measures. The last operations of the Canada mortgage bond purchase program and Banker's acceptance purchase are scheduled for the week of October 26. At the same time, the BOC will pay particular attention to the housing sector to prevent speculations amid the low interest rate. That means, the interest rate will likely stay unchanged at 0.25% during this meeting. What’s interesting is the bank’s plans for the upcoming months and the forecasts in the statement.
- If the BOC is optimistic, the CAD will strengthen;
- If the BOC is pessimistic, the CAD will weaken.
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Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
The US Labor Market And Real Estate Market Are In Focus This Week
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.
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