US Canada Trade Balance 08/12/09

Posted by Henry Liu on August 11, 2009 under CAD Trade Balance, Canada, Forex News Trade, US Trade Balance, USA | Be the First to Comment

8:30am (NY Time) USA Trade Balance     BUY USD/JPY -14.4B   SELL USD/JPY -35.4B
8:30am (NY TIme) CAD Trade Balance     SELL EUR/CAD 0.1B    BUY  EUR/CAD -1.3B

Again we have both trade balances coming out at the same time. The object will be to trade one currency pair only, so its either EUR/CAD or USD/JPY.  Do not trade both or you might get confused and lose money.

If you are trading the USD/CAD pair, you need to watch out for both news releases and don’t get caught in the middle if they are in conflict.  If you are unsure, just skip this trade or observe market movement and test it out with a demo account. You can also trade EUR/CAD to avoid the conflict with USD/CAD.