Date
GMT+00:00
 Event Previous Forecast Actual
Jan, 28 15:30
★★★
 Bank of Canada Press Conference
Bank of Canada Press Conference
Country:
Date: Jan, 28 15:30
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

(BOC) Press Conference Following the Release of the Monetary Policy Report The global economic recovery is entering a new phase.

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Jan, 28 15:30
★★
 Crude Oil Inventories
Crude Oil Inventories
Country:
Date: Jan, 28 15:30
Importance: Medium
Previous: 3602K
Forecast: -
Actual: -
Period: Jan

The actual inventories of crude oil, gasoline, and distillate, such as jet fuel, as reported on a weekly basis. The numbers are watched closely by the energy markets, and if the results differ greatly from the expected inventory levels, the market can react strongly. The inventory data can be skewed by holidays and seasonal factors. Weekly data can be unreliable and should be viewed as a part of longer-term trends, so a four-week moving average may be more useful.

 3602K - -
Jan, 28 19:00
★★★
 FOMC Rate Decision
FOMC Rate Decision
Country:
Date: Jan, 28 19:00
Importance: High
Previous: 3.75%
Forecast: 3.75%
Actual: -
Period: Jan
The main interest rates settled by the FOMC are responsible for driving inflation in accordance with the monetary policy adopted by the FED. One of the rates in mind is the overnight borrowing rate and the Federal Reserve’s Cash Rate Target (FRCRT). The latter affects interest rates for consumer loans, mortgages, bonds or others. The actual changes to the interest rates have a direct impact on the US dollar. However, the market expectation, in respect to future monetary policy, plays a part that is even more significant for the market. In such circumstances, any indirect information that provides hints to future FED monetary policy, and thus influences the market expectations in respect to the interest rates, may have a significant impact on the US currency. Typically, an increase of the interest rates, or expectations of such an increase, provide fundamental support to the US dollar. The lower interest rates may have a negative impact on the US currency.
 3.75% 3.75% -
Jan, 28 19:00
★★★
 FOMC Statement
FOMC Statement
Country:
Date: Jan, 28 19:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

The FOMC usually changes the statement slightly at each release. It's these changes that traders focus on. It's the primary tool the FOMC uses to communicate with investors about monetary policy. It contains the outcome of their vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced their votes. Most importantly, it discusses the economic outlook and offers clues on the outcome of future votes.

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Jan, 28 19:30
★★★
 FOMC Press Conference
FOMC Press Conference
Country:
Date: Jan, 28 19:30
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

The press conference is about an hour long and has 2 parts - first a prepared statement is read, then the conference is open to press questions. The questions often lead to unscripted answers that create heavy market volatility. The FOMC conference is among the primary methods the Fed uses to communicate with investors regarding monetary policy. It covers in detail the factors that affected the most recent interest rate and other policy decisions, along with commentary about economic conditions such as the future growth outlook and inflation. Most importantly, it provides clues regarding future monetary policy.

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