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The trade balance for Canada will be released on May 9, at 15:30 MT time. The indicator represents the difference in value between imported and exported goods. A positive number shows that more goods were exported than imported. Last time the actual level of trade balance came out negative, but the figures were still higher than the forecast. It made the Canadian dollar rise. Let’s see if the situation repeats itself this time.
• If the actual level of the trade balance is higher than the forecasts, the CAD will go up;
• If the actual level of the trade balance is lower than the forecasts, the CAD will go down.
Here are a short wrap of the latest news and the tech analysis of EUR/USD, AUD/USD, and gold.
The US Fed rate will be announced on March 17, at 20:00 MT time.
Brazil is struggling on both the humanitarian and the financial frontы. As a result, Brazilian real is weakening
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The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.
Here are a short wrap of the latest news and the tech analysis of EUR/USD, AUD/USD, and gold.
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