Data on exports and imports prices in the US

• The US export price index (m / m),  fact  0.3%,  forecast 0.2%.
• The US import price index (m / m), fact -0.4%, forecast 0.1%.

June indicators of trade balance prices were very mixed. Thus, the US export prices continue to grow actively. On the other hand, imports slowed sharply, casting doubt on the growth of consumer inflation, which largely depends on the trade confrontation between the US and the adopted duties.

In turn, the ambiguous data on the US became the driver for the correction of the dollar against the basket of major competitors, which could not overcome resistance 95.20, as a result of which correction to support levels: 95.00 and 94.80 is possible.

The US dollar index chart. The current price is 95.00 (10-year government bonds yield is a blue line)

Read also: “Frankfurt Stock Exchange and its main index”

Hanzenko Anton

 

Earn with the help of the trade service on the news Erste News!

Topical articles of the trader’s blog:

1. Procter & Gamble gave an opportunity to earn! Analysis of the investment idea of ​​June.
2. State bonds, as a factor to buy one or another currency.
3. The US mitigates the positions on foreign investment!