News of the day. Friday 09.10.2015

October 9, 2015

Friday is not going to have many important publications. Attention needs to be paid to data on the UK’s trade balance and the labour market in Canada. At 11 am (GMT +3) data on Goods Trade Balance and Trade Balance; non-EU are due in the UK. In both cases a deficit is expected – total world trade is going to be in deficit by 10 billion Pounds, while non-EU trade’s deficit can amount to 2.5 billion Pounds. This is not going to be new to the markets, however, as UK’s exports exceeds its imports for a long time now. The labour market data for August is due in Canada at 3:30 pm (GMT +3). The Unemployment Rate is expected to fall from 7% to 6.9%, while the Net Change in Employment is going to grow by 10 thousands. The current number may come out smaller than the previous figure of 12 thousands but would still be a significant employment increase. A confirmation of forecasts would strengthen the Canadian Dollar. 

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