Coinbase Global Inc., the leading cryptocurrency exchange in the US, will go public on the Nasdaq index on April 14!
South Korea August exports add for 10th month
In August, South Korea's exports were supposed to add for a 10th straight month, according to Wednesday’s Reuters survey. It’s because global demand for tech products were still robust in spite of the fact renegotiation of a major trade pact with America might contribute to future risk.
The median prediction of the 12 experts surveyed was for exports to ascend 14.3% from 2016, slowing from July’s outcome of 19.5%. Import surge was seen decreasing to 11.4% having leapt 14.5% percent in July.
The previous week the United States and South Korea held a one-day video conference to discuss how to move forward in negotiations on the trade pact, though failed to reach come to a compromise.
July exports to the United States and China rallied 7% and 6.6% respectively against 2016. By the way, China appears to be South Korea's leading trade partner.
As for shipments to the EU, they demonstrated a 10.2% surge.
The same survey states that August’s year-on-year inflation was believed to hit 2.2%, intact from July.
Today traders await the US inflation data to be out at 15:30 MT. Jump in to get fresh trade ideas for today!
The American inflation rate is announced on Tuesday at 15:30 MT. It’s an important event for traders as it will impact hugely currency pairs with the USD.
US retail sales will be out on Thursday, April 15, at 15:30 MT. It is a significant release for traders as it will impact the US dollar.
As the earnings season kicks in, JPMorgan is the first to impress us with the better-than-expected data!
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.