US data
- Basic orders for durable goods (m / m) (June), fact 0.4%, forecast 0.5%.
- Foreign trade balance of goods (June), fact -68,33В, forecast -67,00B.
- The number of initial jobless claims, fact 217K, forecast 215K.
The US data block turned out to be negative in all respects, increasing concerns about the US economy in all respects: employment, inflation and the trade balance. The overall dynamics of the number of initial jobless claims remains downward. Concerns are caused by the decline in the US trade balance, which slowed after a significant reduction in the deficit.
Fig. 1. Chart of foreign trade balance of US goods
The dollar index after a low-key correction at the beginning of the day resumed its decline against the basket of major competitors, limited to the level of support at 94.20, the breakout of which will open the way to 94.00.
Fig. 2. The US dollar index chart. The current price is 94.20 (10-year government bonds yield is a blue line)
Read also: “Some Formations for Earnings in Financial Markets”
Hanzenko Anton
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