Online Forex broker
In July, Japan's export surge speeded down more than anticipated due to the fact that shipments to America kept tumbling for a second straight month. The automotive sector slumped abruptly and global trade disputes generated doubts as for foreign demand.
On Thursday, Japan’s Ministry of Finance informed that exports managed to gain 3.9% year-on-year in July, which is far below a 6.3% rally anticipated by market experts in a Reuters survey. The tumble actually followed June’s 6.7% year-on-year jump.
Japan's exports to America slumped by 5.2% year-on-year in July, diving for a second straight month because of a 12.1% sink in car shipments.
The decline in US-bound car exports turned out to be an aftermath to firm sales observed there in 2017, spurred by the sound American economy as well as dips in crude prices.
American leader has threatened to roll out heavier tariffs soon, thus hoping to overcome the American automotive sector’s trade deficit with Japan and Germany and spurring speculation as for restrictions of American car exports.
Meanwhile, Japanese car makers haven’t demonstrated any signs of rushing to spur car shipments to America that would happen if they actually expected higher duties be slapped on their exports in coming months.
Additionally, imports from America tacked on by 11.0% in the year to July, backed by crude prices, motors as well as liquefied petroleum gas.
Therefore, Japan's trade surplus with America went down by 22.1% year-on-year hitting 502.7 billion yen.
As for exports to China, which is Japan's number one trading partner, they inched up by 11.9% in July from 2017.
Shipments to Asia, accounting for over half of Japan's overall exports, jumped by 8%, driven by semiconductor production equipment as well as electronics parts for China, not to mention sales of steel to Thailand.
The Kansas City Federal Reserve announced Friday the annual Jackson Hole symposium will be held virtually, a reversal from prior plans that saw a modified, in-person program…
US Advance quarterly GDP is announced on April 29 at 15:30 MT time.
IMF downgraded its projections for the Euro Area. Economists predict that the EU will get back to the pre-pandemic levels only by the end of 2022.
Quadruple witching is gone and now there are no reasons for the market to hinder. From banks statements and economic data to gas storage reading and Fed’s Powell speech – get ready for active trading.
The US showed strong retail sales for August despite the spread of the Delta virus strain. As a result, the US dollar rocketed and gold dropped by 2286 points in half an hour after the release.
The United States will release MoM Retail Sales data on September 16, 15:30 GMT+3.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
