Brent Oil - Oil pulls back to start the new y This group also includes the following currency pairs:
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Canadian Government headed by Justin Trudeau and its Department of Finance whose minister is Bill Morneau that implement policies that affect the economy of the country. Canada being a prominent oil and natural gas producer, the trade organization of that industry is very important. In the USA, we have: The Fed controls the monetary policy, through active duties such as managing interest rates, setting the reserve requirement, and acting as a lender of last resort to the banking sector during times of bank insolvency or financial crisis.
In terms of economic data, we should highlight the Trade Account Balance , a balance between exports and imports of total goods and services.
A positive value shows trade surplus, while a negative value shows trade deficit. If a steady demand in exchange for CAD exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the CAD. They are key indicators to measure inflation and changes in purchasing trends. This group also includes the following currency pairs: Your assets have been added.
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