The United States' international trade deficit widened by $3.5 billion in March from the previous month, the Census Bureau reported. The trade deficit was recorded at $90.6 billion in March from $87.1 billion in February.Exports rose by $11.4 billion to $142 billion, while imports grew by $14.9 billion to $232.6 billion.Wholesale inventories jumped 1.4% (±0.4%) to $693.4 … [Read more...] about U.S. Trade Deficit Up $3.5 Billion In March
Forex News
Federal Reserve Widely Expected To Keep Dovish Stance
Federal Reserve Chair Jerome Powell is likely to maintain his dovish stance during the policy meeting this week, according to Bloomberg. The Federal Open Market Committee (FOMC) is widely expected to maintain its bond buying program at $120 billion monthly.An economist said the Fed is pushing to maintain economic support as there is not enough evidence of a recovery, and … [Read more...] about Federal Reserve Widely Expected To Keep Dovish Stance
U.S. Inflation Outlook Hits Highest Since 2013
Inflation expectations in the United States jumped to an eight-year high as the latest economic data indicate a strong rebound going forward, according to Bloomberg. The 10-year breakeven rate, or where investors see annual inflation rates for the next decade, hit 2.4% on Tuesday. This is the first time the rate was seen since April 2013.Reflationists have been looking at … [Read more...] about U.S. Inflation Outlook Hits Highest Since 2013
Pound Weakness Persists As GBP/JPY Tanks and EUR/GBP Rallies
The US dollar is under pressure at the start of the week and ahead of a key policy meeting of the Federal Reserve.The euro is strengthening across the board, gaining ground against the dollar and the pound supported by impressive economic data.Gold is struggling to break above the $1,800 level after recent price gains despite dollar weakness. The US dollar is on the back … [Read more...] about Pound Weakness Persists As GBP/JPY Tanks and EUR/GBP Rallies
USDCAD Momentum Opportunity as the BOC Is Tapering Money Supply
There is some good stuff happening in the economy that can feed the US permabulls’ zeal. The labor market has improved as the US Unemployment claims decreased again last week. Flash Manufacturing and Service PMIs were also positive not only in the US but in Europe too. On the flip side, Joe Biden’s capital gains tax hike puts pressure on indices and arguably causes the … [Read more...] about USDCAD Momentum Opportunity as the BOC Is Tapering Money Supply
