USD/CAD: Canadian CPI and Trade Balance

Note: This section contains information in English only.
Source: Dukascopy Bank SA

The US Dollar depreciated against the Canadian Dollar, following the Canadian Trade Balance data release on Wednesday at 12:30 GMT. The USD/CAD exchange currency rate lost 34 pips or 0.25% right after the release. The US Dollar continued trading at the 1.3285 level against the Canadian Dollar.

Statistics Canada released the Canadian Trade Balance data that came out better-than-expected. The index was negative 2.9B compared with forecast negative 3.5B. Note, that the Canadian CPI was released at the same time.

According to analysts, the USD/CAD currency pair has reached the four-week low after the core inflation increased surprisingly. Experts had expected overall inflation to rise due to higher energy prices. However, this upturn might signal that the Canadian economy is tighter than the Bank of Canada had predicted.


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Historical Data: Canadian Trade Balance
Date02.11.1806.12.1808.01.1906.03.1917.04.19
Actual-0.4B-1.2B-2.1B-4.6B-2.9B
Forecast0.2B-0.7B-2.1B-2.4B-3.5B
Initial Reaction on Main Pairs
PairOpenCloseChange
AUD/CAD0.958770.9569-0.20%
CAD/CHF0.756860.758110.17%
EUR/CAD1.506841.5034-0.23%
USD/CAD1.332871.33012-0.21%
Apr 17, 2019 Open Positions
PairLongsShorts
AUD/CAD68.6%31.4%
CAD/CHF52.3%47.7%
EUR/CAD44.8%55.3%
USD/CAD42.5%57.5%
Economic Calendar for Apr 18, 2019
GMTCurrencyEventForecastPrevious
8:30GBPRetail Sales m/m-0.3%0.4%
12:30CADCore Retail Sales m/m0.2%0.1%
12:30USDCore Retail Sales m/m0.7%-0.4%
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Actual Topics

Thu, 18 Apr 2019 10:57:41 GMT

GBP/USD: UK Retail Sales

The British Pound appreciated against the US Dollar, following the UK Retail Sales data release on Thursday at 8:30 GMT. The GBP/USD exchange currency rate gained 16 pips or 0.13% right after the release. The British Pound continued trading at the 1.3010 level against the US Dollar.

Wed, 17 Apr 2019 11:41:36 GMT

GBP/USD: UK CPI

The British Pound depreciated against the US Dollar, following the UK CPI data release on Wednesday at 8:30 GMT. The GBP/USD exchange currency rate lost 13 pips or 0.10% right after the release. The British Pound continued trading at the 1.3040 level against the US Dollar.

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