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.
Japan exports jump in September on soaring global demand
In September, Japan's exports ascended for a tenth straight month, underpinned by positive demand from overseas, as a Reuters survey disclosed on Friday. It underscored a steady economic revival.
Exports managed to grow 14.9% in September versus 2016, following August’s 18.1% rally. It’s the fastest pace of surge in almost four years, as the poll of 18 experts disclosed.
Imports gained 15%, soaring for nine months in a row, as the survey discovered.
In September, Japan reported trade surplus of approximately 559.8 billion yen.
This Asian country’s export sector has been backed by a soar in demand for Japanese cars as well as electronic devices, particularly electronic displays and semiconductors. Japan’s exports are still positive. It’s especially true for shipments to the United States and Asia.
In Washington, the United States and Japan will hold the second round of economic negotiations on October 16.
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…