9:00am(NY Time) CAD BOC Interest Rate
Forecast 0.25% Previous 0.25%
BOC (Bank of Canada) council members meet 8 times a year and discuss where to set their current Interest rate. Since interest rate is directly related to inflation, it is arguably THE MOST HIGH IMPACT news for currency traders who trade the CAD crosses
BOC decided to leave rates unchanged, however a strong CAD sentiment took place after the rate decision without much fundamental reason, so I went ahead and called a BUY trade at the bottom, +25 pips of profit with potential at over 100+.