Canada – Overnight Rate The Bank of Canada will release the overnight rate on Wednesday afternoon, at GMT 2:00 p.m. The overnight rate is the interest rate that banks and other financial institutes in Canada use to lend and borrow funds among themselves. Forex traders consider the overnight interest rate to be the paramount factor […]read more
Forecast & Technical Analysis
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Canada – Building Permits On Wednesday, at GMT 12:30 p.m., Statistics Canada published the monthly Building Permits figure. It measures the changes in the total number of new permits issued for constructing new premises in the country. Building permits are mandatory to start building construction. So, the number of new permits acts as a leading […]read more
USD/CAD Outlook: 1st February 2021 Canada – Manufacturing PMI On Monday, at GMT 2:30 p.m., the Markit will release Canada’s manufacturing purchasing managers’ index (PMI) figure. It measures the level of a diffusion index by surveying around 400 purchasing managers in the country. Businesses are the first to react to changing economic climate. The manufacturing […]read more
USD/CAD Forecast & Technical Analysis United States – Institute for Supply Management (ISM) Manufacturing PMI On Monday, at GMT 2:00 p.m., the Institute for Supply Management released its manufacturing PMI figure for the United States. The ISM’s US manufacturing PMI measures the level of a diffusion index based on a survey of 400 purchasing managers. […]read more