The US Parties Lead the Country to a Default
When will the US go bankrupt? Will it start the market crash unseen before? We have plenty to share with you, so let’s get started.
Japan exports tack on, as US-bound shipments rally amid trade war worries
In August, Japan's export surge speeded up from July backed by firmer shipments to America, which is a sign that the worsening trade clash between America and China has yet to impact Japanese trade.
However, the soar in exports to America could potentially put the Japanese government under pressure from US leader ahead of bilateral trade negotiations anticipated later this month, as some experts point out.
Besides this, Japanese policymakers also worry about the impact on Japan’s exports because China and America dive deeper into a full-fledged trade conflict.
The Chinese government slapped $60 billion of American goods to its import tariff list, thus responding to America’s planned duties on $200 billion worth of China’s products.
In August, Japanese exports managed to surge by 6.6% from 2017, surpassing a 5.6% leap anticipated by market experts in a Reuters survey and also surpassing July’s 3.9% jump, as follows from finance ministry data uncovered on Wednesday.
Eventually, in the year to August Japan's exports to America ascended by 5.3%, which appears to be the first leap for three months. The jump was led by construction, mining machinery, and drugs.
Besides this, US-bound auto exports went down for a third straight month, drifting away from the previous year's upbeat shipments.
However, the trade data also disclosed imports from America rallied by 21.5% in August, and this surge was led by liquefied natural gas and aircraft. It reduced Japan's trade surplus with America by about 14.5% year-on-year to about 455.8 billion yen.
Japan hopes to avert abrupt duties on its car exports and reject American demands for a bilateral free trade agreement at another round of trade negotiations with America, expected to occur later this month.
In the year to August, total imports added 15.4%, which is in line with the median forecast for a 14.9% annual leap.
Similar
The Sentiment is Bearish for the EUR
The US Consumer sentiment will shake the market today. We are back with more news for you to enjoy!
CPI Wednesday: the Doomsday for EURUSD and GBPUSD?
Today, the US Inflation release at 15:30 GMT+3 will determine the further destiny of the major pairs and gold. The event is highly impactful, as the Federal Reserve will make decisions regarding further rate hikes based on it. Also, we brought you some news about XAUUSD and GBPUSD. Stay tuned!
Latest news
USD Gains Momentum
The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!
NVIDIA to Become the Next Tesla
The United States has one week before default, and NVIDIA may become the next Tesla. What else drives the market?
Progress in US Debt Talks, Gold Is Down
Some progress in US debt ceiling talks is made, and the PMI data is out.
