Negative macroeconomic statistics from the United States | 09 8月 2023

09 8月 2023, EUR/USD

Negative macroeconomic statistics from the United States

EURUSD trading plan:

The U.S. trade deficit narrowed sharply in June as businesses cut back on purchases of foreign-made capital goods, resulting in imports falling to the lowest level in more than 1-1/2 years. The trade deficit contracted 4.1% to $65.5 billion. Data for May was revised to show the trade gap narrowing to $68.3 billion instead of $69.0 billion as previously reported. The decline in imports reported by the Commerce Department potentially signals a slowdown in business investment and overall domestic demand amid hefty interest rate hikes from the Federal Reserve. Imports are falling as businesses carefully manage inventory in anticipation of softer demand. That was underscored by other data showing a bigger decline in wholesale inventories in June than initially estimated.

Investment idea: sell 1.1003 and take profit 1.0944.

David Johnson
Analyst of «FreshForex» company
同意该评论吗?
交易员的评论:
Close
授权
您浏览器禁用cookie 文件. 在此情况下, 私人空间显示不正常. 如何启动cookie 文件的支持.
manager photo manager photo
Online-support
我们很高兴回答您的问题

提交申请

Get bonus