U.S. trade balance data

• Export volume, fact 207.30B, previous value 205.40B.
• Import volume, fact 258,50B, previous value 265,30B.
• Trade balance (January), fact -51.10B, forecast -57.00B

According to the US trade balance for January, the trade balance deficit decreased significantly. Such dynamics are largely due to the growth of exports and the unexpected decline in imports. At the same time, the US export curve remains restrained. The balance of trade remains in the lateral dynamics near eight-year lows.

Fig. 1. U.S. trade balance chart

The report on the US trade balance turned out to be very positive, which caused the strengthening of the American currency and renewed optimism in the stock markets. The US dollar index with the opening of the European session remains under the pressure, limited to the level of support 96.50-60. Positive statistics on the US and the preservation of upward dynamics indicates the possibility of renewed growth, which should be supported by the strengthening of stock indices. Resistance levels: 96.90 and 97.00.

Fig. 2. The US dollar index chart. The current price is 96.80 (10-year government bonds yield is the blue line)

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Hanzenko Anton

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