What is it? Governor Poloz is due to speak about the commodity cycle and the Canadian economy, in Calgary.

As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.

When? September 21st at 2:45pm 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: ChatButton

 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

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

 

Follow us and SHARE this story on Facebook:   

 

 

Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:

 

1) Reacting to the Fed

All European indexes are declining in early trading as regional markets get their first chance to react to the Federal Reserve's decision to leave interest rates unchanged. Germany's DAX index is leading the markets down with a fall of nearly 2%.

"Leaving U.S. interest rates unchanged would normally be enough to see markets cheer at the prospect of cheap money for longer, but heightened concerns about external factors such as China, market volatility and deflation derailing a stateside recovery has resulted in an understandably cautious stance being adopted," noted Mike van Dulken, head of research at Accendo Markets.

Most Asian markets ended the day with modest gains, but the Nikkei in Japan declined by 2%.

 

2) U.S. stocks

Stock futures are dipping lower.

Over the previous trading session, the Dow Jones industrial average and the S&P 500 were down, losing 0.4% and 0.3% respectively. The Nasdaq inched up 0.1%.

"Financial markets priced a relatively low probability of a rate hike yesterday and the immediate reaction [to] the unchanged Fed rates was quite moderate," explained Benjamin Dousa, a market analyst at SEB bank.

 

3) Potential market mover -- Adobe

Investors should watch Adobe (ADBE) this morning. The shares are sinking by about 2% in extended trading after the company released earnings Thursday evening and said it was rejigging its management team.

 

4) Economic data

The U.S. Conference Board will post its monthly update of leading indicators at 10 a.m. ET. The composite index tracks business cycles, and it fell last month after four months of strong gains.

 

Ask us about our FREE financial advice program: ChatButton

 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

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

 

Follow us and SHARE this story on Facebook:   

 

 

 

What is it? It checks the change in the price of goods and services purchased by consumers, excluding the 8 most volatile items.

Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.

When? September 18th at 8:30am Eastern Time.

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

 

Ask us about our FREE financial advice program: ChatButton

 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

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

 

Follow us and SHARE this story on Facebook:   

 

 

 

What is it? This report includes the FOMC's projection for inflation and economic growth over the next 2 years and, more importantly, a breakdown of individual FOMC member's interest rate forecasts.

It's the primary tool the Fed uses to communicate their economic and monetary projections to investors.

When? September 17th at 2:00pm Eastern Time.

 

Ask us about our FREE financial advice program: ChatButton

 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

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

 

Follow us and SHARE this story on Facebook:   

 

 

Subcategories

Please publish modules in offcanvas position.