Mark up your calendar for the BoC announcement on 10 July, due at 1400GMT
- Its a near unanimous expectation that there will be no change to the cash rate, on hold at 1.75%
But, the focus lies in the release of the Bank's Monetary Policy Report, which will include its latest projections for the economy. These are expected to show:
- an upward revision to its Q2 GDP forecast (given better recent data)
- and, in turn, although not as certain, a slight upward revision to the full-year (2019) growth forecast
Also on the BoC Statement, its expected to highlight, as other central banks have done recently, global uncertainties and a nod to recent encouragement from the US-China trade 'truce'. While commentary in the statement along such lines will tend to be perceived as dovish, less dovish will be any focus on the better data coming through domestically. A concern for the BoC is they not sound too hawkish compared with other central banks … this a risk for CAD bears to be alert to.
---
Traders should also take note that at the same time as the Bank of Canada announcement and Report, Fed Chair Powell gives his testimony … 1400GMT on the 10th. And, of course, FOMC minutes the same day due later, at 1800GMT.
作者：Eamonn Sheridan，文章来源Forexlive，版权归原作者所有，如有侵权请联系本人删除。
风险提示：以上内容仅代表作者或嘉宾的观点，不代表 FOLLOWME 的任何观点及立场，且不代表 FOLLOWME 同意其说法或描述，也不构成任何投资建议。对于访问者根据 FOLLOWME 社区提供的信息所做出的一切行为，除非另有明确的书面承诺文件，否则本社区不承担任何形式的责任。
FOLLOWME 交易社区网址: www.followme.asia
喜欢的话，赞赏支持一下
加载失败()