Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
Will the BOC Surprise Markets with Monetary Policy Report?
Information is not investment advice
What will happen?
The BOC will report its Monetary Policy on Wednesday, April 13, at 17:00 MT (GMT+3).
The statement provides valuable insight into the bank's view of economic conditions and inflation which are the key factors influencing monetary policy and interest rate decisions.
Last time, the BOC increased the key rate to 0.5%. As a result, USDCAD lost 600 points within 14 hours.
How to trade on the BOC Monetary Policy report?
- If the report is more hawkish than forecasted, the CAD will likely strengthen against other currencies.
- If the report is more dovish than forecasted, the CAD will likely weaken against other currencies.
Instruments to trade: CADJPY, USDCAD, CADCHF.
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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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