Trading leveraged trading products carries a high level of risk. Losses can exceed your intial deposit.
It’s Friday February 24th, and here is this week’s edition of forex happy hour and market report for the final trading day of the week. The key market moving event today is Canada’s Consumer Price Index released during the New York session at 1:30 PM GMT. Consumer prices in Canada grew by an annualized rate of 1.5% in December, which is better than November’s 1.2% reading but missed expectations of a 1.7% uptick. On a monthly basis, CPI had grown by 0.2% after declining by 0.4% in November.The data release might cause intraday volatility for the Canadian dollar, but is unlikely to influence the BOC’s dovish stance. After all, Poloz had recently threatened that rate cuts “remain on the table” mainly because of factors such as possible “protectionist” stance from the U.S. and sluggish business investment.Thanks for watching, have a great weekend and come back for more from Capital Index and Invest Diva next week.