市場新聞與洞察

One of the must-watch economic events this week will be the Bank of Canada interest rate decision. The decision is scheduled to be announced on Wednesday at 14:00 PM London time. It will be the first meeting since the new United States–Mexico–Canada Agreement (USMCA).

The bank has increased its interest rates four times since July of last year, so will there be another hike? Why Is The Announcement Important? A bank interest rate is a rate at which a countries central bank lends money to local banks.

The interest rate is charged by nations central or federal bank on loans advances to control the money supply in the economy and the banking sector. The Bank of Canada has an inflation target of 1% to 2% (currently 2.8%), and the interest rates are changed accordingly to meet the target. Therefore, the Bank of Canada’s and other central bank rate decisions can have a significant impact on the financial markets.

Expectations In a recent speech, Stephen Poloz, the Governor of Bank of Canada said he continues to believe gradually increasing interest rates is the right approach. According to the latest forecasts, it is highly anticipated that the Bank of Canada will raise its interest rates in the upcoming meeting from 1.5% to 1.75%, potentially a fifth rate hike since July 2017. "We expect the Bank to hike this month, in addition to hiking four more times in 2019, as the BoC’s measure of core inflation touched 2.0% for the first time since 2012 in August and is facing increased capacity constraints," said Daniel Hui, an analyst at J.P. Morgan. "This [October] hike was already well anticipated by markets even before the USMCA breakthrough (80% priced before, 90%+ priced now), so it is the forward-looking rhetoric that might imply future pace and terminal rate that is more important for markets to monitor," says Hui.

All eyes will be on the decision on Wednesday. This article is written by a GO Markets Analyst and is based on their independent analysis. They remain fully responsible for the views expressed as well as any remaining error or omissions.

Trading Forex and Derivatives carries a high level of risk. Sources: Go Markets MT4, Google, Datawrapper

The Buraeu of Labor Statistics have released the latest jobs report for April. Let’s take a look at the latest numbers. The total non-farm payroll employment increased by 263,000 the U.S.

Bureau of Labor Statistics reported today, beating the forecast of 190,000. Biggest job gains were in professional and business services, construction, health care, and social assistance. Professional and business services added 76,000 Construction added 33,000 Employment in health grew by 27,000 Social assistance added 26,000 The unemployment rate fell to its lowest level since December 1969 to 3.6% beating the forecast of 3.8%.

The number of unemployed persons decreased by 387,000 to 5.8 million. The average hourly earnings remained unchanged at 3.2%, below the forecast of 3.3%. USDCAD – Hourly USDJPY – Hourly The next US jobs report is on 7th June.

This article is written by a GO Markets Analyst and is based on their independent analysis. They remain fully responsible for the views expressed as well as any remaining error or omissions. Trading Forex and Derivatives carries a high level of risk.

Sources: Go Markets MT4, Google, Datawrapper,

The electric vehicle industry has had a tough few weeks with the global chip and battery shortages affecting electric vehicle manufacturers around the world. Despite that, Tesla delivered 184,800 vehicles in Q1 of 2021, exceeding the number of vehicles produced (180,338). The deliveries consisted of 182,780 Model 3 and Model Y.

The rest (2,020) were made up by Model S. The latest figures mark a 109% improvement from Q1 in 2020 when the company delivered 88,400 vehicles. The latest figures also put the company on track to beat last year’s deliveries of 499,500, which was just shy of Elon Musk’s target of 500,000. ''Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q1 earnings.

Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5% or more. Tesla vehicle deliveries represent only one measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles'' – statement read on the company’s website following the latest delivery numbers.

Tesla – Monthly Chart Source: TradingView With the Tesla reporting strong numbers for Q1, the price target was also increased by Wedbush analyst Dan Ives. Ives lifted his price target on the stock to $1,000 a share from $950, with a "bull case" level of $1,300. "In our opinion, the first quarter delivery numbers released on Friday was a paradigm changer and shows that the pent-up demand globally for Tesla's Model 3/Y is hitting its next stage of growth as part of a global green tidal wave underway," Ives said. "With a green tidal wave kicked off by Biden last week in the US, and global EV demand skyrocketing going after a $5 trillion (total addressable market) over the next decade, we believe these delivery numbers are a paradigm and sentiment shifter for the space going forward." You can trade Tesla (TSLA) and many other stocks from the ASX, NYSE, and the NASDAQ with GO Markets as a Share CFD. Click here for more information.

Trading Derivatives carries a high level of risk.

805,734,252 – that’s how many doses of the COVID-19 vaccine have been given globally so far as of the 12 th April (from 185 locations), according to Our World in Data. Israel, Bahrain and Chile are leading the way with 54.7%, 24.7% and 24.6% of the population fully vaccinated. With more and more people getting the jab across the world, the chance of side effects becomes more likely.

We have already seen the AstraZeneca vaccine being suspended for use for in few countries. Today, it was announced that the US agencies are calling to pause the Johnson & Johnson vaccine rollout after reports of extremely rare blood clot cases. Following the FDA and CDC advice, all federal sites in the US have stopped using the vaccine until further investigation.

European Union and South Africa have also confirmed that they will temporally stop the rollout of the Johnson & Johnson jab. The share price of Johnson & Johnson was down by around 1.34% following the latest news on their vaccine, trading at $159.48 per share the close. The stock is up by 1.57% year-to-date.

Johnson & Johnson - YTD Chart Source: TradingView You can trade Johnson & Johnson (JNJ) and many other stocks from the ASX, NYSE, and the NASDAQ with GO Markets as a Share CFD. Click here for more information. Trading Derivatives carries a high level of risk.

With the Brexit negations dominating the news flow over the last few weeks, you may forget there are other events taking place. On Thursday, the European Central Bank will announce its decision whether to increase, decrease or maintain the interest rates. The decision is scheduled to be announced at 12:45 PM UK time.

Why Is The Announcement Important? The European Central Bank is the central bank for the Eurozone, the countries which have adopted the Euro, including Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, and Spain. ECB’s decision to increase, decrease or maintain the interest rate has a significant impact on the financial markets because changes in interest rates affect the exchange rate of the Euro, so it is one of the must-watch economic events in the calendar.

Expectations The European Central Bank has not changed its interest rates since March 2016 and analysts are forecasting that the rates will also remain unchanged in the upcoming meeting. All eyes will be on the European Central Banks President, Mario Draghi’s speech shortly after making the announcement. Hot topics will involve the Italian and the Brexit process, which has developed into complete chaos.

The French budget is another issue to address for the ECB after the French President Emmanuel Macron gave in to the recent anti-government protests by the ''yellow vest'' movement which will cause France to exceed the European Union’s budget deficit ceiling next year. Other ECB data releases to keep an eye out: ECB Marginal Lending Facility (12:45 PM London time) Previous: 0.25% Forecast: 0.25% ECB Deposit Facility Rate (12:45 PM London time) Previous: -0.40% Forecast: -0.40% This article is written by a GO Markets Analyst and is based on their independent analysis. They remain fully responsible for the views expressed as well as any remaining error or omissions.

Trading Forex and Derivatives carries a high level of risk. Sources: Go Markets MT4, Google, Datawrapper

One of the must-watch economic events this week will be the Bank of Canada interest rate decision. The decision is scheduled to be announced on Wednesday 29th May at 15:00 PM London time. Why Is The Announcement Important?

A bank interest rate is a rate at which a countries central bank lends money to local banks. The interest rate is charged by nations central or federal bank on loans advances to control the money supply in the economy and the banking sector. The Bank of Canada has an inflation target of 1% to 2% (currently 2%), and the interest rates are changed accordingly to meet the target.

Therefore, the Bank of Canada’s and other central bank rate decisions can have a significant impact on the financial markets. Expectations The last time the Bank of Canada raised its key interest rates was back in October of last year and it is expected that the rates will remain unchanged at 1.75%, according to the analysts. ''Recent economic data suggest that growth will be stronger than the Bank was expecting in the first quarter, providing a reason to not cut rates.'' ''At the same time, growth will remain below potential, providing no reason to lift rates. The Bank of Canada will, therefore, remain in a holding pattern for now and make any necessary adjustments to that stance based on incoming economic data'', Principal economist Alicia MacDonald said at the Conference Board of Canada last week.

Even though a rate decision is not expected, traders will be keeping a close eye to the upcoming meeting and the comments after the rate decision has been announced. To keep up to date with other upcoming economic events click here for our Economic Calendar. This article is written by a GO Markets Analyst and is based on their independent analysis.

They remain fully responsible for the views expressed as well as any remaining error or omissions. Trading Forex and Derivatives carries a high level of risk. Sources: DataWrapper, Bank of Canada