What’s coming up next? - Forex News by FX Leaders

What’s coming up next?

Posted Wednesday, July 13, 2016 by
Skerdian Meta • 1 min read

Again, the economic data is very light today. It´s been like that for a while now, hasn´t it? Anyway, the Canadians are providing us with some economic events which might sparkle some price action in the forex market. The BOC (Bank of Canada) will release their monetary policy report and rate statement together with the overnight interest rate decision. 

The interest rates are expected to remain the same, unless there is a surprise. If there is a surprise indeed, it will be due to Brexit so expect it to be on the downside. Otherwise, look for hints and clues on the statement and particularly on the press conference which will follow about an hour after the statement. There is also the US crude oil inventories which will be important for the CAD. So, there will be fire coming from both ways for the CAD in a while. 

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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