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BOC Overnight Rate Decision (Interest Rate Decision) 12/08/09

December 7, 2009 By Henry Liu Leave a Comment

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9:00am (NY Time) CA BOC Rate Decision   Forecast 0.25%      Previous 0.25%
ACTION:  USD/CAD  Depend on Market Condition

BOC (Bank of Canada) will renders its Overnight Rate decisions for the last time in 2009, and today’s meeting will be watched by traders and speculators since interest rate policy serves as a tool to curb inflation and maintain price stability, this news event is probably the most important event for the day.

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Filed Under: CAD Interest Rate, Canada, Forex News Trade Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

FOREX – NFP Nonfarm Payroll (12/04/09) and Market Analysis

December 7, 2009 By Henry Liu 2 Comments

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Last week’s major news was the Nonfarm Payroll report on Friday which possibly changed the short to long term trend of USD as we saw traders bought USD on the back of NFP release:

NFP Nov. 2009                        -11K versus -119K (estimate)
NFP Oct. 2009                         -111K (revision) versus -190K release
Unemploy Rate 11/2009    10.0% versus 10.2% (estimate)

What was more interesting with this data was the 3-month average trend of NFP with past revisions actually netted a positive +97K of release! 

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Filed Under: Currency Trading Tips, Forex News Trade Tagged With: , , , , , , , , , , , , , , , , , , , ,