PROVEN RESULTS

What is it? It's among the primary method the BOC uses to communicate with investors regarding monetary policy. It covers in detail the factors that affected the most recent interest rate decision, such as the overall economic outlook and inflation. Most importantly, it provides clues regarding future monetary policy.

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

When? October 22nd at 11:15am Eastern Time.

Trading Tip: This announcement can greatly affect the CAD, make sure to make your trades before.

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Overnight Rate (CAD)

4 Tips for Today's Trading - 22/10

BOC Rate Statement (CAD)

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What is it? It checks the change in 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.

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

When? October 22nd at 10:00am Eastern Time.

Trading Tip: This announcement can greatly affect the CAD, make sure to make your trades before.

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4 Tips for Today's Trading - 22/10

BOC Rate Statement (CAD)

Core CPI (USD)

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Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:

 1) Market Moves 

US stock futures are looking soft after markets posted a sharp rally over the past four trading days.

Stocks have been extremely volatile this month as a range of concerns have shaken investor confidence. Slower economic growth and spreading Ebola are among the factors spooking investors.

2) Gold & Oil

Gold prices are dipping and oil prices are edging up.

3) Yahooooo! 

Shares in Yahoo (YHOO, Tech30) are set for a 3% pop after the Web giant said profit soared in the third quarter. It earned $6.3 billion from selling part of its stake in Alibaba (BABA, Tech30), the Chinese e-commerce giant. Alibaba debuted last month on the New York Stock Exchange in the largest IPO in history.

4) International Markets Overview

European markets were slipping lower in early trading, while nearly all major Asian markets closed with gains. The Nikkei in Japan was a standout performer, rising by 2.6% Wednesday after dropping 2% on Tuesday.

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Other top stories:

BOC Rate Statement (CAD)

Core CPI (USD)

Core Retail Sales (CAD)

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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.

Usual Effect: If the announcement will hint towards higher interest rates, you can expect the CAD to rise

When? October 22nd at 10:00am Eastern Time.

Trading Tip: This announcement can greatly affect the CAD, make sure to make your trades before.

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

Other top stories:

Core CPI (USD)

Core Retail Sales (CAD)

Coca Cola are Going to Drop Prices

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