Hello traders , here’s news which could move the currency markets on Tuesday the 11th of March:
- German Trade Balance at 07:00 GMT .The Trade Balance measures the difference in worth between exported and imported goods over the month. A positive number indicates that more goods were exported than imported. Last month was 18.5 B , Today ; a small decline towards the 17.8 B is expected. Market Impact : A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
- UK Manufacturing Production (MoM) at 09:30 GMT . Manufacturing Production measures the change in the total inflation-adjusted value of output produced by manufacturers. Manufacturing accounts for approximately 80% of overall Industrial Production. Last month made a small gain to 0.3% , This month is expected to stabilize around 0.3%. Market Impact : A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.
- BoJ Press Conference , All day . The Bank of Japan (BOJ) press conference looks at the factors that affected the most recent interest rate decision, the overall economic outlook, inflation and offers insights into future monetary policy decisions. Market Impact : A hawkish outlook is seen as positive (or bullish) for the JPY, while a dovish outlook is seen as negative (or bearish)for the JPY.
So this was the Economic Calendar for Tuesday. We’ll be back with our next overview of key events for Wednesday,Goodbye..