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Trade Balance. EU, 12:00 (GMT+2) 18 Mar

18Mar.202411:00

Trade Balance. EU, 12:00 (GMT+2)

At 12:00 (GMT+2) the EU will publish January trade balance data. This indicator captures the difference between the amount of payments for exported and imported goods. The rate is expected to correct from 16.8 billion euros to 21.5 billion euros, which, in turn, may push the quotes of the European currency to grow.

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Consumer Price Index. EU, 12:00 (GMT+2)
18 Mar. 2024 11:00
Consumer Price Index. EU, 12:00 (GMT+2)

February data on the euro area's Consumer Price Index are due at 12:00 (GMT+2). It is the main indicator of inflation in the region and determines the change in the level of retail prices for a particular basket of goods and services: food, transportation, utilities, healthcare, etc. It has a significant influence on the decisions of regulators in the field of monetary policy. On a monthly basis, the Consumer Price Index is expected to adjust from -0.4% to 0.6% and on an annualized basis from 2.8% to 2.6%, while the core monthly reading is likely to rise from - 0.9% to 0.7%, and the annual rate will decrease from 3.3% to 3.1%.

Raw Material Price Index. Canada, 14:30 (GMT+2)
18 Mar. 2024 13:30
Raw Material Price Index. Canada, 14:30 (GMT+2)

At 14:30 (GMT+2) the February Raw Material Price Index will be published in Canada. Unlike the price index for manufactured goods, this indicator includes purchase items not produced in Canada, and its calculation includes all costs borne by the buyer of raw materials, including the goods themselves, transportation costs, net taxes paid, and customs duties. If the value continues its negative trend from 1.2% on a monthly basis and from -6.4% on an annual basis, this will act as a driver for the depreciation of the Canadian dollar.

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