Canadian Interest Rates


Fx News Spike Signals by Crazy Cat, 2018/05/30

Release Time: 10:00 New York time (EST)
Primary currency pair: USD/CAD
Forecast: 1.25
Prior: 1.25
LT1 (Lower Trigger 1): -0.25 [BUY]
UT1 (Upper Trigger 1): +0.25 [SELL]
Safety: 1

There are 25 estimates; one economist expects a hike from 1.25% to 1.50% while 24 economists expect no change in interest rates. Median estimate is 1.25% and the average estimate is 1.26%. One standard deviation is 0.05%.

If there is a cut from 1.25% to 1.00% or lower ( -0.25 deviation), USD/CAD should go up, possibly 75+ pips. This will not happen, however.

If there is no change in interest rates (0.00 deviation in this case), I would stay away. There is a chance that USD/CAD may go up a little but in my opinion it might be too risky to trade.

Of course if they hike the rates to 1.50% or higher (in this case +0.25 deviation), USD/CAD or EUR/CAD should go down a lot, possibly 75+ pips.

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