Trade Balance. Canada, 15:30 (GMT+2) 08 Feb

08Feb.202214:30

Trade Balance. Canada, 15:30 (GMT+2)

Canadian Trade Balance data for December are due at 15:30 (GMT+2). This indicator captures the difference between the amount of payments for exported and imported goods. Its increase is a positive factor for CAD. The balance sheet surplus is expected to remain but it may decline from 3.13B to 2.62B dollars. The implementation of the forecast can put pressure on CAD.

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08 Feb. 2022 00:30

Household Spending. Japan, 01:30 (GMT+2)

The data on Japanese Household Spending in December are due at 01:30 (GMT+2). The indicator captures the monthly change in the volume of expenses of Japanese families, adjusted for inflation. This is one of the indicators of economic growth, which acts as a factor in increasing inflation in the country. It is expected that in monthly terms the index will grow from -1.2% to 0.7%, and in annual terms it may grow from -1.3% to 0.3%. The implementation of the forecast may facilitate the strengthening of JPY.

08 Feb. 2022 22:30

API Weekly Crude Oil Stock. USA, 23:30 (GMT+2)

A weekly report on the volume of oil reserves in the USA from API is due at 23:30 (GMT+2). The figure shows how much oil and refined products are available in storage. The reduction in reserves traditionally leads to an increase in oil quotes, and an increase in the indicator leads to a decrease in prices for "black gold". Last week, US oil inventories decreased by 1.645M barrels. The continuation of the trend may give additional support to oil quotes.

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