Trade Balance. USA, 14:30 (GMT+2) 08 Aug

08Aug.202313:30

Trade Balance. USA, 14:30 (GMT+2)

The data on the US Trade Balance for June will be released at 14:30 (GMT+2). This indicator records the difference between the amount of payments for exported and imported goods, its increase is a positive factor for the national currency. It is expected that the balance sheet deficit will slow down from -69.00B dollars to -65.70B dollars, which may still put pressure on the US currency quotes.

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08 Aug. 2023 07:00

Consumer Price Index. Germany, 08:00 (GMT+2)

At 08:00 (GMT+2), the data on German Consumer Price Index for July will be published. It is the main indicator of the inflation rate in the country and determines the change in the level of retail prices for a certain "basket" of goods and services: food, transport, utilities, healthcare and others, having a significant impact on the decisions of the authorities on monetary policy. The consumer price index is expected to remain at 6.2% on an annualized basis, and 0.3% on a monthly basis.

08 Aug. 2023 14:30

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

Canadian Trade Balance data for June are due at 15:30 (GMT+2). This indicator records the difference between the amount of payments for exported and imported goods, its increase is a positive factor for the national currency. The trade balance is expected to adjust from -3.44B Canadian dollars to 1.15B Canadian dollars. The implementation of the forecast may support the quotes of the national currency.

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