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

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Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Read full risk disclosure.

Risk Warning: 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Read full full risk disclosure.

Risk Warning: 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Read full full risk disclosure.