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CA BOC Interest Rate

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Canada
, Bank of Canada
CA Bank of Canada Interest Rate

An unexpected change in the interest rate always represents a huge volatility but the rate does not change frequently. Please note that the volatility is more frequently caused by the minutes of the Bank’s meeting, which are of a textual nature and are not applicable to the auto-click.

Features of the publication

Strong movements
Rare trading

How to trade CA BOC Interest Rate

If the data is above the forecast, USDCAD falls and vice versa.

The interest rate varies quite rarely, the market reacts more frequently to the text of the minutes of the meeting of the Bank of Canada. But if the change in the rate occurred contrary to the market expectations, then expect huge movements.

 

Text protocols, which are not programmed for the auto-click algorithmic trading, are used by market participants to correct their expectations. Tighter claims may mean a quick monetary policy tightening and reduction in incentives, which in turn will be supported by CAD (that is, will weaken the USDCAD pair).

History of publications

Date:
24/04/2019
Signal:
Buy 1
Cons:
1.75
Fact:
1.75
Dev:
0.00
React:
60
Direct:
Up
Pair:
USDCAD
Best entry
Date:
06/09/2017
Signal:
Sell 2
Cons:
0.75
Fact:
1.00
Dev:
0.25
React:
250
Direct:
Down
Pair:
USDCAD
Best entry
Worst entry
Others
Date:
15/07/2015
Signal:
Buy 3
Cons:
0.50
Fact:
0.50
Dev:
0.00
React:
110
Direct:
Up
Pair:
USDCAD
Others