Will the CPI Crash the USD?
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
The GBP may be supported
What will happen?
Great Britain will publish its trade balance for April on June 11, at 09:00 MT time. This indicator shows the difference in value between exports and imports. If the number is positive, the country has more exported goods than imported. The British trade deficit reached GBP 2 billion in March, despite analysts’ expectations of GBP -6.1 billion. According to current forecasts, the trade balance fell to GBP -3.2 billion in April.
How to trade on the British Trade Balance?
At first, visit the economic calendar. Find this release and check the estimates. Right after the release, compare the actual figures with the forecasts and follow the steps below.
- If the indicator is higher than the forecasts, the GBP will move higher;
- Alternatively, we can expect a fall of the GBP.
Instruments to trade: GBP/USD, EUR/GBP, GBP/JPY
Similar
The Fed won't miss these releases!
Here you'll find what awaits the market this week, from the CPI release to a possible gold plunge.
USD and GBP Traders Await Big Moves
The first week of November promises to be eventful, as we have the Fed meeting, the BOE update, and the NFP release. Read more details here.
Latest news
The Yen Sets New Lows
The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!
Experts are Waiting for US Stocks to Rise
The US stock market fell in the third quarter. What's going on and why economists think that the last quarter will be better? Let's discuss it all here.
BlackRock CEO Supports The USD
BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!
