Market Focus

On Monday, January 15, 2017, the economic calendar will not be marked by a significant news background. Attention should be paid to the publication of data on the trade balance of the Eurozone. Data on exports indicate the development of the region, while the increase in imports indicates an increase in domestic consumption.

According to the forecast, the trade balance excluding seasonal fluctuations in November will be 28.2 billion euro, which exceeds the previous value of 18.9 billion euro. The trade balance will be 22.3 billion euro, against the previous value of 19.0 billion euro. If the forecast is confirmed, the single currency will receive some support, as the growth in exports indicates that foreign consumers are forced to buy more euro to pay for consumed products.

Today in the US is the day off on the occasion of the Martin Luther King Day celebration. As a result, the liquidity is reduced in the market due to the lack of strong players.

Alexander Sivtsov