Canadian Interest Rates

Fx News Spike Signals by Crazy Cat, 2019/04/24

Release Time: 10:00 New York time (EST)
Primary currency pair: USD/CAD
Forecast: 1.75
Prior: 1.75
LT1 (Lower Trigger 1): -0.25 [BUY]
UT1 (Upper Trigger 1): +0.25 [SELL]
Safety: 1

There are 24 estimates and all surveyed economists expect no change this time. The median estimate is 1.75% and the average estimate is 1.75%. One standard deviation is 0.00%.

If there is a cut to 1.50% or lower ( -0.25 deviation in this case), USD/CAD should go up, possibly 75+ pips. This scenario is not likely to happen.

If there no change in interest rates as expected (0.00 deviation in this case), I would stay away.

Of course, if they hike the rates to 2.00% 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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