What’s coming up next?
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.