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    Alfa-Forex

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    CAD major news: take your chance to earn on the Canadian dollar!

    As early as today at 15:00 GMT Bank of Canada declares interest rate. It is expected to remain the same, meaning that traders will have a great chance to convert their CAD savings to USD which has lately been more preferable. For those who would like to clear head from Davos World Economic Forum!

    Time GMT

    Currency

    Event

    Forecast

    Previous

    15:00

    CAD

    Bank of Canada rate decision

    0.5%

    0.5%

    16:15

    CAD

    Bank of Canada Head Poloz to speak    

     

    At the moment the USDCAD currency pair is traded at 1.30 and may move 130 points (1 300 pips with the 0.00001 quoting accuracy) if the data meet expectations. Thus, you can make $5 000 a day!

    Calculations:

    • To open a 1 lot USDCAD position you require $500: 100 000 (standard contract size) x 1 lot / 200 (leverage)*;
    • A 1 lot position may make $1 000: 0.00001 (quoting accuracy) x 100 000 (standard contract size) x 1 300 (potential growth in pips).

    Thus, a 5 lot position may give the $5 000 profit with the invested funds of $2 500, which makes 200% a day!

    You are supposed to create a trading account (if you have none) in the Personal area, download a trading platform and open a position. For more details contact your personal manager by dialing 7 495 785-96-69 (ext. 1).

    *For deposits below $50 000. Margin requirements


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