USA and Canada major news
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