CA BOC Interest Rate today is expected to keep rates unchanged as there are practically no chance for another rate action today. If anything, we should be looking at further easing on monetary policy as last week’s CPI came in at 1.3% y/y headline and Core (Trim) came in at 1.6% y/y.
Considering last Rate statement (Apr 12, 2017) where BOC stated that:
It is almost a given BOC will not act today. However, in the unlikely event of a RATE CUT, we should see some strong selling action on the CAD and we should go LONG on USDCAD immediately…
Here’s what analysts expect:
10:00am (NY Time) CA BOC Interest Rates Decision Forecast 0.50% Previous 0.50%
The Trade Plan
For more information on my Spike trading method, please read: https://www.currencynewstrading.com/how-to-get-started-with-news-trading/
I’d recommend to use the Recommended Pairs from above as they are based on my CSM, which should provide the best combination of currency pairs to trade based on better/worse news… of course, you can also trade the default pair: USDCAD.
CA BOC Interest Rates Decision | May 24, 2017 | Forex News Trade
May 21, 2017 by Leave a Comment