Date
GMT+00:00
 Event Previous Forecast Actual
Dec, 10 14:45
★★★
 Overnight Rate
Overnight Rate
Country:
Date: Dec, 10 14:45
Importance: High
Previous: 2.25%
Forecast: 2.25%
Actual: -
Period: Dec

BoC Interest Rate Decision is announced by the Bank of Canada. If the BoC is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the CAD. Likewise, if the BoC has a dovish view on the Canadian economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish.

2.25% 2.25% -
Dec, 10 14:45
★★★
 BOC Rate Statement
BOC Rate Statement
Country:
Date: Dec, 10 14:45
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

This statement is the primary medium used by the Bank of Canada (BoC) to communicate with investors about monetary policy decisions, specifically those regarding interest rates.

- - -
Dec, 10 15:30
★★
 Crude Oil Inventories
Crude Oil Inventories
Country:
Date: Dec, 10 15:30
Importance: Medium
Previous: 574K
Forecast: -1200K
Actual: -
Period: Dec

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.

 574K -1200K -
Dec, 10 19:00
★★★
 FOMC Rate Decision
FOMC Rate Decision
Country:
Date: Dec, 10 19:00
Importance: High
Previous: 4.00%
Forecast: 3.75%
Actual: -
Period: Dec
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.
 4.00% 3.75% -
Dec, 10 19:00
★★★
 FOMC Economic Projections
FOMC Economic Projections
Country:
Date: Dec, 10 19:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

Economic projections are collected from each member of the Board of Governors and each Federal Reserve Bank president four times a year, in connection with the Federal Open Market Committee's (FOMC’s) usual two-day meetings (typically held in January, April, June, and November). Several charts and a table that summarize those projections are released at the Chairman's press conference within hours of the meeting. Three weeks later, more detailed information is provided in the Summary of Economic Projections, which is published with the minutes of the FOMC meeting.

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