Focus of the news traded on Erste News

During the week of May 27-31, a small amount of news traded on Erste News is expected.

On Wednesday, 29.05, at 17:00 they will publish – CA BOC Interest Rate. The Bank of Canada interest rates decision is one of the key events. Despite the fact that the Central Bank of Canada is expected to maintain interest rates unchanged at 1.75%, the accompanying statement has a significant impact on the market. Especially in the conditions of the preservation of trading risks and the general orientation of the world central banks on easing monetary policies. Separately, it is worth highlighting the dynamics of the Canadian dollar (CAD), which remains very restrained and squeezed in monthly flat.

On Thursday, 30.05, at 15:30 – US GDP Annualized will be released. Preliminary annual US GDP data are significant statistics for the US economy. And, despite the modest expectations of GDP, expectations for the GDP deflator can support the American dollar on the possibility of rising inflation. The overall dynamics of the US GDP remains strong and maintains an upward trend.

On Friday, 31.05, at 15:30 – CA GDP will be released. Canadian GDP has a strong influence on the Canadian dollar. Expectations regarding this indicator may be overestimated, especially given the signs of a slowdown in the Canadian economy.

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