today trade ballance cam 3% worse than expected and than previously.
But what is behind that is a 7% increase in the average imported oil price, which sttod at a level of 124$
Once this price comes next month, it will be discounted by the fall in commodities. So the trade ballance are very likely to show very good reading which means USD will get a boost.
Morover the situation is good today for exporters, as they rose by 3.3%
I would speculate on USD strenght today and on market strenght, despite job numbers...
But what is behind that is a 7% increase in the average imported oil price, which sttod at a level of 124$
Once this price comes next month, it will be discounted by the fall in commodities. So the trade ballance are very likely to show very good reading which means USD will get a boost.
Morover the situation is good today for exporters, as they rose by 3.3%
I would speculate on USD strenght today and on market strenght, despite job numbers...