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The CAD BOC Rate Statement and Overnight Rate will release this afternoon and surely will leave a mess in the market behind them, so becareful trading canadian pairs beside one more strong news on the CHF ( SNB Chairman Jordan Speaks) currency ( 15:45 GMT )
BOC Rate Statement : BoC Interest Rate Decision is announced by the Bank of Canada. If the BoC is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the CAD. Likewise, if the BoC has a dovish view on the Canadian economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish.
Overnight Rate : The Bank of Canada Rate Statement is the primary tool the Bank of Canada uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision.
The CAD BOC Rate Statement and Overnight Rate will release this afternoon and surely will leave a mess in the market behind them, so becareful trading canadian pairs beside one more strong news on the CHF ( SNB Chairman Jordan Speaks) currency ( 15:45 GMT )
BOC Rate Statement : BoC Interest Rate Decision is announced by the Bank of Canada. If the BoC is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the CAD. Likewise, if the BoC has a dovish view on the Canadian economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish.
Overnight Rate : The Bank of Canada Rate Statement is the primary tool the Bank of Canada uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision.
