Date
GMT+01:00
 Event Previous Forecast Actual
Apr, 29 14:45
★★★
 Bank of Canada Monetary Policy Report
Bank of Canada Monetary Policy Report
Country:
Date: Apr, 29 14:45
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

A quarterly report of the Bank of Canada’s Governing Council, presenting the Bank’s base-case projection for inflation and growth in the Canadian economy, and its assessment of risks.

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Apr, 29 15:30
★★★
 Bank of Canada Press Conference
Bank of Canada Press Conference
Country:
Date: Apr, 29 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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Apr, 29 15:30
★★
 Crude Oil Inventories
Crude Oil Inventories
Country:
Date: Apr, 29 15:30
Importance: Medium
Previous: -
Forecast: -
Actual: -
Period: Apr

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.

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Apr, 29 19:00
★★★
 FOMC Rate Decision
FOMC Rate Decision
Country:
Date: Apr, 29 19:00
Importance: High
Previous: 3.75%
Forecast: 3.75%
Actual: -
Period: Apr
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% -
Apr, 29 19:00
★★★
 FOMC Statement
FOMC Statement
Country:
Date: Apr, 29 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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