www.TheLFB-Forex.com The Forex Trader Portal
Release Explanation: Measures the country’s exports minus its imports and its the largest component of a country’s balance of payments. “An increase or decrease in the Trade Balance will help determine the future economic outlook and growth numbers in a region. It can influence all aspects of an economy as it is the way that region balances its books.” TheLFB-Forex.com Trade Team notes.
TheLFB-Forex.com Trade Desk Thoughts: The Euro-area adjusted trade balance was released at -2.1B in March, better than expected. In March 2009 compared with February 2009, seasonally adjusted exports rose by 1.4% and imports by 0.6%.
“An analysis of the trade balance over the last year shows that imports rose at a faster pace than exports mainly due to the energy component, which is also the biggest module of the trade balance. March was the ninth consecutive month in which the Euro-area ran a trade deficit, even though lately, exports seem to have recovered the lost ground TheLFB-Forex.com Trade Team said.
Forex Technical Reaction: The euro moved less than 30 pips during the overnight session, even though the currency market saw strong momentum. The release failed to move the euro.
TeamLFB provides forex related market analysis and trade signals