search

An incredible cashback rate!
40% of the spread!

Join Now

Attention on Canada and the BOC’s Policy Rate?

Market Report

  1. homeHOME
  2. Market Report
  3. Attention on Canada and the BOC’s Policy Rates?

Attention on Canada and the BOC’s Policy Rates?

09.06.2021

Today's Highlights
  1. Canada: BOC Policy Rate & Statement Announcement
  2. U.S. Weekly Crude Oil Inventories

Yesterday, both European and U.S. markets saw mixed trading with little overall movement; the German DAX, which had been on a downward trend, continued to fall and closed at 15,640.WTI crude oil broke through the key $70-per-barrel level and is currently trading at $70.50. Expectations for a recovery in demand are rising as restrictions on economic activity are eased. Gold pulled back slightly from its recent highs and has now fallen below the key $1,900 level, trading in the $1,894 range.

In the foreign exchange market, European currencies are showing strength, and the euro is rising against the U.S. dollar.The EUR/USD pair is currently trading around 1.218. From a technical perspective, it appears to be finding support at the 20-day moving average (MA) on the daily chart, so it will be worth watching to see if it breaks through last month’s high. However, with the ECB’s policy rate announcement scheduled for tomorrow, it’s important to keep in mind that the market may not show a clear direction today.

Today, Germany’s trade balance and Japan’s machine tool orders are scheduled for 15:00; the U.S. MBA Mortgage Applications Index at 20:00; the Bank of Canada’s policy rate and U.S. wholesale inventories (final figures) at 23:00;at 11:30 p.m., U.S. weekly crude oil inventories; and at 2:00 a.m., a U.S. 10-year Treasury auction. Canada’s policy rate is expected to remain at 0.25%, as in the previous meeting, but we will be watching closely to see what is said during the press conference regarding the tapering of quantitative easing and potential interest rate hikes.

桜井 慶介

Author: Keisuke Sakurai

He has over 10 years of experience in FX trading. In the financial sector, he has been involved in investment management focused primarily on foreign exchange markets and has experience as an asset management advisor. Drawing on his extensive experience, he specializes in technical and fundamental analysis.

Previous Article

Attention May Turn to the U.S. 3-Year Treasury Auction

Next Article

Investors Should Keep an Eye on Economic Indicators and Key Officials' Remarks in U.S. Trading Hours
alert
Notification Settings
close

If you're using iOS

iOSをご利用の場合

If you're using iOS, tap the "Add/Save" icon at the bottom of Safari and select "Add to Home Screen." Once you've added it to your Home Screen, you can turn on "Receive Push Notifications" as shown above.

Click here for detailed instructions

If you're using an Android device or a PC

Android、PCをご利用の場合

If you're using an Android device or a PC, you can simply turn on "Receive push notifications" as shown above without installing the app. (If your browser asks for permission, please select "Allow.")

You can find instructions on how to add this to your smartphone's home screen below.

Click here for detailed instructions
USDJPY
XAUUSD
BTCUSD
USDJPY
XAUUSD
BTCUSD
Close
Click here for explanations of each notification
arrow Return to Notification Settings
close
Details of Each Notification
line Receive key metrics and announcements

You will receive notifications about key metrics and limited-time promotions. If you turn this feature off, you may not be able to participate in limited-time promotions.

line Received a round number notification

A feature that sends notifications when a price reaches a round number. Receiving these notifications helps traders capitalize on trading opportunities and manage risk, which is why many traders are taking notice.

polygon USDJPY

Notifications are sent for every 100 pips (1 JPY) (e.g., 1 USD = 147 JPY, 1 USD = 148 JPY, etc.). Notifications for the same exchange rate are reset after 3 days (72 hours) have passed.

polygon XAUUSD

Notifications are sent every 500 pips (50 USD) (e.g., $3,000, $3,050, etc.). Notifications for the same rate are reset after 3 days (72 hours) have passed.

polygon BTCUSD

Notifications are sent for every 5,000 USD (e.g., 110,000 USD, 115,000 USD, etc.). Notifications for the same exchange rate are reset after 3 days (72 hours) have passed.

line Received notification of a sudden price fluctuation (sharp rise or fall in the exchange rate)

Receive real-time notifications of price fluctuations for USD/JPY, gold, and Bitcoin. Never miss a trading opportunity, even when you're on the go, and place orders that instantly respond to market conditions.

polygon USDJPY

You will receive a notification when there is a fluctuation of 30 pips (0.3 JPY) or more within 10 minutes (sharp rise or sharp drop). After that, notifications for sudden fluctuations under the same conditions will be suspended for 1 hour.

polygon XAUUSD

You will receive a notification when the price fluctuates by more than 20 USD within an hour (sharp rise or sharp drop). After that, notifications for sudden price fluctuations under the same conditions will be paused for 4 hours.

polygon BTCUSD

You will receive a notification when the price fluctuates by more than 2,000 USD within one hour (sharp rise or sharp drop). After that, notifications for sudden price fluctuations under the same conditions will be suspended for four hours.

Return to Notification Settings