EURUSD Intra-Day Fundamentals - ECB Press Conference, US Trade Balance and 44 pips range price movement
- past data is -51.4B
- forecast data is -43.9B
- actual data is -40.9B according to the latest press release
if actual > forecast (or previous data) = good for currency (for USD in our case)
[USD - Trade Balance] = Difference in value between imported and exported goods and services during the reported month. Export demand and currency demand are directly linked because foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices at domestic manufacturers.
==========
"The
U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through
the Department of Commerce, announced today that the goods and services
deficit was $40.9 billion in April, down $9.7 billion from $50.6 billion
in March, revised. April exports were $189.9 billion, $1.9 billion more
than March exports. April imports were $230.8 billion, $7.8 billion
less than March imports."
"The April decrease in the goods and services deficit reflected a decrease in the goods deficit of $9.3 billion to $60.7 billion and an increase in the services surplus of $0.4 billion to $19.8 billion."
==========
EURUSD M5: 44 pips range price movement by USD - Trade Balance news event:
