CAD major news: take your chance to earn on the Canadian dollar!

Jan 18, 2017

As early as today at 15:00 GMT Bank of Canada declares interest rate. It is expected to remain the same, meaning that traders will have a great chance to convert their CAD savings to USD which has lately been more preferable. For those who would like to clear head from Davos World Economic Forum!

Time GMT

Currency

Event

Forecast

Previous

15:00

CAD

Bank of Canada rate decision

0.5%

0.5%

16:15

CAD

Bank of Canada Head Poloz to speak



At the moment the USDCAD currency pair is traded at 1.30 and may move 130 points (1 300 pips with the 0.00001 quoting accuracy) if the data meet expectations. Thus, you can make $5 000 a day!

Calculations:

  • To open a 1 lot USDCAD position you require $500: 100 000 (standard contract size) x 1 lot / 200 (leverage)*;
  • A 1 lot position may make $1 000: 0.00001 (quoting accuracy) x 100 000 (standard contract size) x 1 300 (potential growth in pips).

Thus, a 5 lot position may give the $5 000 profit with the invested funds of $2 500, which makes 200% a day!

You are supposed to create a trading account (if you have none) in the Personal area, download a trading platform and open a position. For more details contact your personal manager by dialing +7 495 785-96-69 (ext. 1).

*For deposits below $50 000. Margin requirements

Risk Warning: Trading CFDs and other speculative products, such as rolling spot forex, is risky and can result in the loss of your entire invested capital. Trading in such complex products might not be appropriate or suitable for you. In any case, please ensure that you understand the risks involved and do not invest more than you can afford to lose. Read full Risk Warning of Alfa-Forex here.

Risk Warning: Trading CFDs and other speculative products, such as rolling spot forex, is risky and can result in the loss of your entire invested capital. Trading in such complex products might not be appropriate or suitable for you. In any case, please ensure that you understand the risks involved and do not invest more than you can afford to lose. Read full Risk Warning of Alfa-Forex here.

Risk Warning: Trading CFDs and other speculative products, such as rolling spot forex, is risky and can result in the loss of your entire invested capital. Read full Risk Warning of Alfa-Forex here.