Trump, Davos, USA
Donald Trump spoke at the World Economic Forum in Davos. You have to hear this.
In July Japan's exports soar
In July, Japan's exports went up for an eighth straight month on sturdy shipments to the United States as well as a push from a dipping yen, thus suggesting the country’s economy is carrying decent momentum through to the second half of 2017.
The data actually underscores the BOJ’s view the world's number three economy is demonstrating surging signs of strength because private consumption contributed to momentum to an export-led revival.
Imports inched up for the seventh straight month on firm demand for personal computers as well as digital cameras from China, underlining the strength of domestic consumption that acted as a major driver of Japan's economic surge in the second quarter.
Exports to America went up 11.5% in July from 2016, thus marking the sixth straight month of revenues. It pushed up the Asian country’s trade surplus with the US by 9.1% from 2016 to 647 billion yen.
Japan's trade surplus has appeared to be an object of criticism by the Trump administration that has called for reducing the American trade deficit under his protectionist stance "America First."
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The ECB Monetary Policy Meeting Accounts will be released at 14:30 MT on January 16
Important events this week will bring us
We expect the US-China phase one trade deal to be signed on Wednesday and multiple important indicators for the USD. Plus, it is the first week of the earnings reports
Latest news
Retail data may shake the loonie
Canada will publish the headline and core retail sales on January 24 at 15:30 MT time.
The ECB and the euro: surrounded by skeptics
The European Central Bank will publish its monetary policy statement and announce the main refinancing rate on January 23 at 14:45 MT time.
Trump, Davos, USA
Donald Trump spoke at the World Economic Forum in Davos. You have to hear this.
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