May 16, 2019 at 06:47AM
Important upcoming events and publications for May 16 (GMT):
09:00 Eurozone Trade balance. Risks for EUR: low. In March, the surplus is expected to decrease from 19.5B to B19.0B. Despite this, the surplus as a whole has been increasing since October last year, supported by a weak Euro.
12:30 U.S. Building Permits. Risks for USD: Moderate. In April, it is expected growth from 1269K to 1295K. The increase may be the first in three months and is able to support the purchase of the dollar.
15:15 Bank of Canada Governor speaks. Risks for CAD: High. The speech at the press conference on financial system review can shed light on monetary policy. Hints for a prolonged pause in the rate hike may weaken the Canadian dollar.
From: Alexander Kuptsikevich https://fxpro.news/daily-economic-events/important-upcoming-events-and-publications-110-20190516/
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