The USD/CAD exchange rate gained 7 pips or 0.05% right after the release. The US Dollar continued trading at the 1.3382 level against the Canadian Dollar.
The Statistics Canada released the Canadian Trade Balance data, which came lower-than-expected. The index was negative 4.6B compared with forecast negative 2.4B.
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| Historical Data Table: Trade Balance | Economic Calendar for 08.03.2019 | ||||||||
| Date | 03.05.2018 | 06.06.2018 | 05.09.2018 | 06.12.2018 | 06.03.2019 | Tentative | CNY Trade Balance | ||
| Actual | -4.1B | -1.9B | -0.1B | -1.2B | -4.6B | 13:30 PM | CAD Employment Change | ||
| Forecast | -2.3B | -3.4B | -1.1B | -0.7B | -2.4B | 15:30PM | US Non-Farm Employment Change | ||
| Initial Reaction on Main Pairs | Open Position Proportions on 07.03.2019 | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/CAD | 0.9405 | 0.94078 | 0.03% | AUD/CAD | 74.99% | 25.01% | |||
| CAD/CHF | 0.75072 | 0.75048 | -0.03% | CAD/CHF | 73.29% | 26.71% | |||
| EUR/CAD | 1.51257 | 1.51352 | 0.06% | EUR/CAD | 49.01% | 50.99% | |||
| USD/CAD | 1.33788 | 1.33851 | 0.05% | USD/CAD | 33.06% | 66.94% | |||