ECB Interest Rate Decision Trading

BoC Interest Rate Decision | Will Canada be the first to adjust?

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It’s time to prepare for the upcoming BoC Interest Rate Decision. Interest rates have remained unchanged across the major central banks for all of 2021. This is no surprise given how the pandemic has affected the global economy.

Analysts are again forecasting no change in interest rates at the June 2021, meeting.

Holding the Interest Rate steady like this has led to pretty flat trading during these times, with only minimal spikes in price. Traders hoping to trade these events may be left disappointed.

Interest Rate Decisions always carry the potential for colossal volatility spikes and should be considered a hazardous time to trade.

Do you trade central bank interest rate decisions?

If you plan to trade The BoC Interest Rate Decision, Tweet us how you plan to trade safe!

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Risk disclosure:
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Content Disclaimer: The contents of this video (and all other videos by the presenter) are for educational purposes only, and are not to be construed as financial and/or investment advice.
ECB Interest Rate Decision Trading

Nonfarm Payrolls May 2021 | Are forecasts still too high?

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The Nonfarm Payrolls May 2021 are possibly the economic news release that often sees the highest volatility outside of a Central Bank Interest Rate Decision. 

This volatility is because of the strong correlation between Monetary Policy, Interest Rates and the US Jobs Market. 

The US Bureau of Labor releases the report with the number of new jobs created during the previous month, excluding agricultural businesses. 

Last months Nonfarm Payrolls 

Analysts expected the creation of around 266,000 new jobs. The consensus was short, and the actual number was 978,000. There was a strong reaction on the EURUSD, resulting in a 60 pip 5 min candle immediately after the release.

The EURUSD daily candle closed at 1.2162, up 0.81% for the day. 

Current Nonfarm Payrolls May 2021

This time around, analysts are forecasting 650,000 new jobs. Although this is a drop from the previous forecast, it is still over double the previous actual figure.

Nonfarm Payrolls always carry the potential for colossal volatility spikes and should be considered a hazardous time to trade.

Do you trade the NFP news release?

If you plan to trade The Nonfarm Payrolls May 2021, Tweet us how you plan to tackle the volatility storm should it surface!

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https://www.darwinex.com/legal/risk-disclaimer

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Content Disclaimer: The contents of this post (and all other posts’) are for educational purposes only and should not be construed as financial and/or investment advice.