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Key events ahead: focus on BoC and OPEC - Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 21, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Guatemala) - Analysts at Westpac noted the light calendar today and focus on the key data and events further on.

    Key Quotes:

    "A light data calendar today. The Bank of Canada is widely expected to keep rates on hold at 0.5%. The growth and inflation outlook should support a steady hand for an extended period. Data is pointing to a return to growth in Q3 after weak Q1 and Q2 outcomes and crude prices have remained steady since the last BoC meeting.

    A meeting between OPEC and non-OPEC members will be held in Vienna. While production volumes will be discussed, changes in supply are seen as unlikely by analysts. Most countries will be sending oil experts rather than ministers as delegates."
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