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What is it? It checks the interest rate at which major financial institutions borrow and lend overnight funds between themselves.

Short term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future.

When? May 27^th at 10:00am Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the CAD to rise.

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What is it? It's the primary tool the BOC uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it discusses the economic outlook and offers clues on the outcome of future decisions.

When? May 27^th at 10:00am Eastern Time.

Trading Tip: If the announcement will hint towards higher interest rates, you can expect the CAD to rise.

Ask us about our FREE financial advice program: 

Other Top Stories:

Technical Analysis Lesson 1 - Introduction

Technical Analysis Lesson 2 - The Basic Assumptions

How I Made Over $30,000 a Year by Investing in Binary Options

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This analysis was written by Guy Young an expert in stocks trading

LONG WEEKEND this is how called a trading day after Memorial Day. Due to lack of trading yesterday 25/05 the reaction of stock market is crazy. Imagine as if you have been relaxing for 3 days, what do you do on the 4^th day you have the energy to make things. That’s exactly how the trading world reacts after long vacation. The history shows it’s one of the most profitable days once a year. The Companies, the brokers the traders their self are waiting to get started to make things happen.

What does it for binary options trading and why it’s a profitable trading day?

You will see spikes in every stock that you will encounter, in binary options you need only 1 pip to profit, in this day the analysis says the spikes will be high, the same way if you had relaxing ocean without no ways for a while and then a storm came. Talk to signalsbinary specialists on the chat they will explain you how to get started and enjoy todays trading sensation.