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What is it? Governor Poloz is due to speak the Canada Summit, in Toronto.

As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.

When? December 3rd at 5:30pm Eastern Time.

 

 

Trading Tip: If the announcement will hint towards higher interest rates, you can expect the CAD to rise.

Talk to us to get get FREE signals and start earning now: 

 

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What is it? It checks the level of a diffusion index based on surveyed purchasing managers, excluding the manufacturing industry.

It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy.

When? December 3rd at 10:00am Eastern Time.

 

Trading Tip: If the number is higher than the forecast, you can expect the USD to rise.

Talk to us to get get FREE signals and start earning now: 

 

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4 Tips for Today's Trading - 02/12

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What is it? It checks the Interest rate at which major financial institutions borrow and lend overnight funds between themselves.

Short term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future.

When? December 3rd at 10:00am Eastern Time.

 

 

Trading Tip: If the number is higher than the forecast, you can expect the CAD to rise.

Talk to us to get get FREE signals and start earning now: 

 

Other top stories:

4 Tips for Today's Trading - 02/12

The Importance of Diversification

How I Made Over $30,000 a Year by Investing in Binary Options

 

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What is it? It's the primary tool the BOC 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. Most importantly, it discusses the economic outlook and offers clues on the outcome of future decisions.

When? December 3rd at 10:00am Eastern Time.

 

 

Trading Tip: If the announcement will hint towards higher interest rates, you can expect the CAD to rise.

Talk to us to get get FREE signals and start earning now: 

 

Other top stories:

4 Tips for Today's Trading - 02/12

The Importance of Diversification

How I Made Over $30,000 a Year by Investing in Binary Options

 

Follow us and SHARE this story on Facebook/Twitter:

 

 

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