The US trade balance for goods advances -98.18 billion against -104.3 billion last month

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Expected U.S. Goods Trade Balance for June 2022
  • Advanced merchandise trade balance -$98.18 billion vs. -$104.3 billion last month
  • down -5.9 billion from May
  • exports were $181.5 billion, up $4.4 billion from May
  • imports were $279.7 billion, -$1.5 billion less than they could

In other economic data

Economic data

Economic data usually comes in the form of daily press releases. This information is extremely valuable for retail and institutional traders, given the influence of this data on exchange rates. Most major economic events published are reported by sovereign governments around the world. Moreover, several economic data points are released by private organizations which can also move the market. Overall, when new information becomes available, the value of a currency pair changes to reflect a new equilibrium potentially created by traders. This information that changes the value of a currency pair can ultimately take many forms, with economic indicators or data being the primary drivers. Why Economic Data Matters in Forex Economic data is an important barometer that investors can use to measure the performance of an economy. This in turn can influence exchange rates. For example, the stronger the economic data, the more growth is likely to increase in the country, causing a currency to strengthen. If the gross domestic product (GDP) growth in the United States is high, it will help drive up the US dollar. The reverse is also true. Generally, weaker economic data may predict slower growth. The attempt of traders, when trading economic data, is to gauge how economic indicators are perceived against expectations. Before almost every economic release, the market typically assesses the median expectation reflected by analysts and economists. These known variables are simply expectations, and the unknown is the actual version. Since currency pairs can move significantly based on new data, traders always try to anticipate where the actual numbers will arrive when they come out. Changes to economic data will also filter down to potential interest rate changes by a central bank. Overall, economic announcements from the United States and the Eurozone are highly watched as they will influence the perceptions of market participants who help guide interest rates and other monetary policies of the Federal Reserve or the European Central Bank (ECB) respectively.

Economic data usually comes in the form of daily press releases. This information is extremely valuable for retail and institutional traders, given the influence of this data on exchange rates. Most major economic events published are reported by sovereign governments around the world. Moreover, several economic data points are released by private organizations which can also move the market. Overall, when new information becomes available, the value of a currency pair changes to reflect a new equilibrium potentially created by traders. This information that changes the value of a currency pair can ultimately take many forms, with economic indicators or data being the primary drivers. Why Economic Data Matters in Forex Economic data is an important barometer that investors can use to measure the performance of an economy. This in turn can influence exchange rates. For example, the stronger the economic data, the more growth is likely to increase in the country, causing a currency to strengthen. If the gross domestic product (GDP) growth in the United States is high, it will help drive up the US dollar. The reverse is also true. Generally, weaker economic data may predict slower growth. The attempt of traders, when trading economic data, is to gauge how economic indicators are perceived against expectations. Before almost every economic release, the market typically assesses the median expectation reflected by analysts and economists. These known variables are simply expectations, and the unknown is the actual version. Since currency pairs can move significantly based on new data, traders always try to anticipate where the actual numbers will arrive when they come out. Changes to economic data will also filter down to potential interest rate changes by a central bank. Overall, economic announcements from the United States and the Eurozone are highly watched as they will influence the perceptions of market participants who help guide interest rates and other monetary policies of the Federal Reserve or the European Central Bank (ECB) respectively.
Read this term published by the US Census Bureau:

  • anticipated wholesale inventories were up 1.9% from May and 25.6% year-on-year
  • prior month was revised to 1.9% from 1.8% previously reported
  • retailer inventories for June were up 2.0% from May and 19.9% ​​from a year ago
  • the prior month was revised up to 1.6% from 1.1%

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