Data on the US exports and imports
- Export Price Index (m/m) (December), fact -0.6%, forecast -0.6%.
- Import Price Index (m/m) (December), fact -1.0%, forecast -1.3%.
Data on trade prices in the USA for December turned out to be rather ambiguous, despite the very restrained figures of December, the November data was revised downwards. As a result, it indicates the preservation of the deficit of the US payment budget.
The US dollar index remains under pressure from correction and technical factors. Thus, the resistance at the level of 96.20 acts as the upper boundary of the monthly downward channel. Published weak US data contribute to the decline of the dollar and the formation of a “double top”, which indicates a reversal. Significant support levels are: 96.00 and 95.70.
The US dollar index chart. The current price is 96.10 (10-year government bonds yield is the blue line)
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Hanzenko Anton
Earn with the help of the trade service on the news Erste News!
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