Attention!
The info below is valid for 11:05 on 05.10.2022.
We'll update it at 00:00 on 05.10.2022.
AUD/CAD
0.87847
-0.04%
High 0.8816
Low 0.87658
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Spread
0.00016 pt
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Spread (%)
0.01821 %
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Swap Long
-2.17 pt
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Swap Short
-1.52 pt
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Initial Margin
0 $
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Maintenance Margin
0 $
Related instruments
1 news and strategies from FBS analysts
Post-Fed Releases for USD & CAD Traders
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
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.
Bulls Are Coming Back
The US dollar index rose to 105.40 after the Fed’s 75-basis-point key rate hike, while the stock and the crypto markets fell. However, during the past few days, investors and traders returned to risk assets as they expect inflation growth to slow. Moreover, Jerome Powell, the head of the Federal Reserve, announced the Fed might start cutting the key rate by 2024, which is the most evident hint of an upcoming market reversal.
Why FBS is a smart choice
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FBS is regulated by CySEC license, 331/17
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Negative balance protection with a margin call and stop out levels
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24/7 client support in your language to solve all the problems
Great variety of trading instruments
FBS allows using a wide range of trading instruments, including Forex major and exotic pairs, metals, indices, and energies. Choose instruments that suit you best.
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1. Open accountCreate a suitable account type in your Personal Area to trade with the best conditions.
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2. Select trading instrumentsIt's easy with a reliable broker! Go to the Contract Specifications page and choose instruments according to your needs.
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3. Start tradingOpen your first trade and try different instruments to see how they will work. Improve your trading skills with FBS.
