USA and Canada major news

Oct 19, 2016

This Wednesday (October 19) Canada and USA will report several macroeconomic indicators at once. The data are expected to cause high volatility and to have a strong impact on the USDCAD currency pair that day. It means you will have a chance to take high profit without waiting for long.

News to be published:

Time

Currency

Event

Forecast

Previous

17:00

CAD

Bank of Canada Releases Monetary Policy Report


17:00

CAD

Bank of Canada Rate Decision

0.5%

0.5%

17:30

USD

US Crude Oil Inventories

2.417К

4.900К

18:15

CAD

Bank of Canada Head Stephen Poloz to speak



Considering all forecasts and analysts’ expectations the USDCAD currency pair will likely to go down, meaning that it might have been better to buy CAD rather than USD.

At the moment the USDCAD currency pair is traded near 1.30. Good fundamentals may result in 150 point movement (1 500 pips with the quoting accuracy of 0.00001).

Calculations:

  • To open a 1 lot USDCAD position you require $500: 100 000 (contract standard size)x 1 lot /  200 (leverage)* = $500;
  • A 1 lot position may bring $1 167: 0.00001 (quoting accuracy) x 100 000 (contract standard size) x 1 500 (growth potential) = 1 500 CAD / 1.285 (USDCAD  quote) = $1 167


Thus, a five-lot position may bring you $5 835 with $2 500 invested funds, which makes 233.4% 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 phone. Please dial +7 495 7859669 (ext. 1).

*For deposits below $50 000. Margin requirements

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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.