Investment Portfolio

Gain: 

Pulse Wallet

Gain: 

REA Learn Copy

Gain: 

Quick Tools:

Forex Today: The Bank of Canada left the interest rate unchanged at 5.00%

Forex Today: The Bank of Canada left the interest rate unchanged at 5.00%

The Bank of Canada left the interest rate unchanged at 5.00%, but warned that persistent inflationary pressures could force further increases.

➡️ The Bank of Canada held a policy meeting yesterday in which it kept the interest rate at 5.00%, but warned that further increases were possible because inflation had not cooled sufficiently. This was seen overall as a slightly hawkish stance, although the Canadian dollar barely reacted to the news.

➡️ WTI Crude Oil fell slightly yesterday after recently hitting a new multi-month high price, as Saudi Arabia and Russia have confirmed they will continue to restrict supply until the end of 2023.

➡️ In the Forex market, the USD/JPY currency pair rose again to a new 10-month high above ¥148.75 yesterday before selling off slightly. Yesterday, Japan's top currency diplomat, Kanda, said foreign exchange movements were being monitored urgently while all options remain on the table – a threat of central bank intervention due to the continued weakening of the Japanese yen. There is a real fear of market intervention by the Bank of Japan if the yen continues to depreciate.

➡️ The US dollar remains strong, with the dollar index yesterday reaching its highest price in more than 4 months.

➡️ Bitcoin threatens to plummet to new 2-month lows as the cryptocurrency sector remains quite weak.

➡️ Stronger than expected ISM US services PMI data were released yesterday, which may have aided yesterday's gains in the US dollar, increasing the perception that the Fed may raise prices again.

➡️ US unemployment claims will be released later today.

 

Credit by DailyForex.com

en_USEN

Investment Portfolio

Copy strategies

Find out how our strategies copy works. You can copy our strategies without costs and without risk with a demo account, and with a real account in exchange for a profit-share.

REA TradeKit

Access Advanced Tools and Strategies.

14 day money back guarantee.

Free Resources

Mentoring 1 to 1

Reavolution's 1-to-1 mentorships allow you to learn our strategies directly from our trainers.

Main Categories

Forex Calculators

Commercial Lotto Calculator

Leverage and Margin Calculator

Drawdown Calculator

Compound Interest Calculator

Pips Value Calculator in Euros

Economic Calendar