Category: ECONOMIC NEWS | Page 13

Bank Of Canada Interest Rates 2019 Dates

by Ntombi Malatsi | Jan 5, 2019 | ECONOMIC NEWS

What is Bank of Canada?

Bank Of Canada (BOC) is the Central Bank in Canada.

Central bank is a national bank that provides financial and banking services for its country’s government and commercial banking system.

What is the role and function of a Central Bank?

To set official bank rates used to manage inflation and exchange rates
To issue a country’s currency
To set targets and monitor economic data while they implement special tools.

Bank Of Canada is expected to hike their Interest Rates by 25 Basis Points from the current 1.75%. The last time they hiked their Interest Rates was on the 24th of October 2018. Bank Of Canada’s Interest Rates meetings are scheduled 8 times a year. The first one of 2019 is on the 9th of January.

I do better in my trading when I am more organized. Knowing when the important economic data is released, helps me a lot with planning ahead (I hate randomness). I will be publishing all significant economic data releases like Non Farm Payrolls, GDP,Retail Sales, Interest Rates etc, and their dates. I have started with Non Farm Payrolls, you can check the annual schedule HERE. Below is the annual schedule for Bank Of Canada’s Interest Rates meetings.

Non Farm Payrolls 2019 Dates

by Ntombi Malatsi | Jan 2, 2019 | ECONOMIC NEWS

Non Farm Payrolls 2019 Dates

Hello readers, welcome back. It’s a new year, new vision & improved discipline (hopefully so) for some traders who closed their trading books on a negative in 2018 because of a lack of self control. The good thing is, 2019 is giving you another chance to do better, you can always do better as long as you are willing.

What is Non Farm Payrolls?

Non-Farm Payrolls also known as U.S Employment change/NFP is one of the leading indicators in the Forex market. NFP focuses on the number of jobs that are created or lost in the current month, and that excludes farm/agricultural workers hence the name Non-Farm Payrolls. We (traders) look for that small change or shift in the figure released as compared to the previous month. Because NFP is released every first Friday of each month, there are previous and also forecast/expected figures. When the figure comes out above forecast, it means more jobs were created (excluding farm workers) and the market perceives that as good for currency involved (USD), and when it comes out below forecast, the opposite is perceived. There are other factors to be considered during NFP, it is not just about the figures. NFP is the most watched economic event of the month. During this period, the market becomes too volatile. NFP is also a leading indicator in determining the U.S economic growth and inflation

We are kick starting our year with U.S Non Farm Payrolls stats which will be released on the 4th of January. I am still trying to gear up for a new year. I hope I will feel less festive after this first publication, I am still a bit hung up on the holidays. I am re-opening on the 15th of January for private lessons & mentorship, see detailed information and enrollment information HERE. Below is the annual schedule for Non Farm Payrolls.

Economic news 19 To 23 November

by Ntombi Malatsi | Nov 18, 2018 | ECONOMIC NEWS

Economic News To Watch This Week

Highlights from last week: GBP did the most last week. British Prime minister Theresa May was under so much pressure. She presented her Brexit deal to her cabinet and later to parliament. A lot happened last week in May’s cabinet. 7 members resigned including Brexit secretary who resigned after the cabinet approved an agreement to leave the E.U. On announcing his resignation, Raab said he could not “in good conscience support the terms proposed for our deal with the EU“. GBP reached its lowest since June 2017. All eyes are still on Brexit as May continues to take charge of Brexit talks.

On another news, OPEC seems to be going back to cutting oil output and that will increase oil price. Below is our weekly economic calendar.