Canadian Interest Rates

Fx News Spike Signals by Crazy Cat, 2020/03/04

Release Time: 10:00 New York time (EST)
Primary currency pair: USD/CAD
Forecast: 1.50
Prior: 1.75
LT1 (Lower Trigger 1): -0.25 [BUY]
UT1 (Upper Trigger 1): +0.25 [SELL]
Safety: 1

There are 32 estimates and 14 economists expect a big cut from 1.75% to 1.25%, 15 economists expect a small cut from 1.75 to 1.50%, and 3 economists expect no cut at all so the rates would stay at 1.75% level. The median estimate is 1.50% and the average estimate is 1.41%. One standard deviation is 0.16%.

If there is a big cut to 1.25% or lower ( -0.25 deviation in this case as a small cut is expected), USD/CAD should go up, possibly 50+ pips.

If there is a small cut to 1.50% (0.00 deviation as it is expected), I would stay away. There is a possibility that USD/CAD or EUR/CAD could go down a little bit but I think it's quite risky to trade as some economists expected no cut at all. It may very well go the other way so I don't recommend trading this scenario.

If there no change in interest rates (in this case +0.25 deviation as a small cut is expected), USD/CAD or EUR/CAD should go down a lot, possibly 45+ pips.

Forex news history and charts

Go back to the Forex Market News listing

Copyright © 2014 Secret Weapons LLC. All Rights Reserved.   Contact Us | Affiliates | Privacy Policy

Risk disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Past performance is not necessarily indicative of future results. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as educational material and general market commentary, and does not constitute investment advice. Seek a licensed advisor. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.