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Market Review 05 May 2020

May 5, 2020 (07:20)

by Constantinos Loizou

In today’s economic calendar we can expect to see some volatility in the CAD and USD.
At 12:30 (GMT), the Statistics office of Canada will announce their International Merchandise Trade figure for the previous month.
That figure indicates the difference in the value of the Canadian imports and exports of goods.
The result is forecasted in a decrease to -2B, considering that last month was at -0.98B.
At 12:30 (GMT), the Bureau of Economic Analysis of the United States, will release their trade Balance figure for the previous month.
That figure indicates the balance between exports and imports of total goods and services.
The result is expected in a decrease to -44B, considering that last month was at -39.9B.
At 14:00 (GMT), the Institute for Supply Management (ISM) of the US will release their Non-Manufacturing PMI*.
That outcome figure has a big influence on the Gross Domestic Product of the country.
The result is forecasted in a decrease to 32, considering that last month was at 52.5.

*The Purchasing Managers Index (PMI) is a measure of the prevailing trends of economic element in manufacturing. The PMI is based on a monthly survey of supply chain managers across 19 industries, covering both upstream and downstream activity.

The original content of this Market Update is done in the English language. Any other language translation is provided for the sake of convenience. In case of any inconsistencies between the original English version and any other language, the original English version shall prevail.

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