The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now.
Indonesia's April import and export surge is slower than expected
In April, Indonesia's imports and exports gained more slowly than expected, while the country's trade balance turned to be smaller than last month, as the statistics bureau disclosed on Monday.
In April, Southeast Asia's greatest economy demonstrated a $1.24 billion trade surplus, as the bureau told. It’s more than the $860 million a Reuters survey had predicted, though smaller compared with the revised $1.39 billion for March.
Imports headed north 10.31% from the previous year to $11.93 billion in April. By the way, the survey’s median forecast turned to be for a 21.56% annual surge rate.
The bureau told that imports of consumer goods inched up almost 26% on a yearly basis. Surges in imports of capital goods as well as raw materials happened to be smaller.
As for exports, they tacked on 12.61%, reaching $13.17 billion in April, compared with the survey’s forecast of 22.45%.
In April, both exports' and imports' value stood below that of March.
Happy Monday, dear traders! Hope you had a great weekend and you’re ready for the last trading week in 2022! Later this week we’ll announce some exciting news for you, but now let’s look through some interesting news! Today’s events: USA, UK, Hong…
On the H4 timeframe, the US dollar index has formed a bullish falling wedge. At the beginning of the trading session, the price is testing the upper border of this wedge. Thus, in case of a higher-than-expected Core PCE Price Index m/m, the US dollar will skyrocket against other currencies.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…