A significant release may push the Canadian dollar

A significant release may push the Canadian dollar

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.

Check the economic calendar

456565.png

                                                                                                       TRADE NOW

Similar

Latest news

German exporters don’t care about stronger euro

German exporters demonstrate ascending optimism as for their business prospects because growing demand from other euro zone countries helps to compensate worries regarding the strengthening currency, as the Ifo economic institute told on Wednesday…

Japan's October machinery orders tack on

In October, Japanese machinery orders rebounded with a faster soar than anticipated, thus re-affirming the resilience of capital spending, which is a major driver in the Japanese economy's almost two-year expansion…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera