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：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
喜欢的话，赞赏支持一下
加载失败()