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United States Balance of Trade
Since 1976, the United States has consistently maintained trade deficits due to significant imports of oil and consumer goods. In 2018, the highest trade deficits were recorded by China, Mexico, Germany, Japan, Ireland, Vietnam, and Italy, while the largest trade surpluses were recorded by Hong Kong, the Netherlands, Australia, the United Arab Emirates, Belgium, Brazil, and Panama in the same year. China is the country's largest trading partner, accounting for 16% of total commerce, followed by Canada (15%) and Mexico (15%).
A higher than expected figure should be seen as positive (bullish) for the USD while a lower than expected figure should be seen as negative (bearish) for the USD.
Forex Sentiment (USD)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| EURUSD |
|
|
1.1337 -442 pips |
1.1574 +205 pips |
1.17788 | |
| GBPUSD |
|
|
1.3062 -591 pips |
1.3598 +55 pips |
1.36532 | |
| USDJPY |
|
|
141.9002 -258 pips |
147.5635 -308 pips |
144.479 | |
| USDCAD |
|
|
1.3609 +6 pips |
1.3839 -236 pips |
1.36033 | |
| AUDUSD |
|
|
0.6457 -94 pips |
0.6608 -57 pips |
0.65507 | |
| NZDUSD |
|
|
0.5978 -77 pips |
0.6098 -43 pips |
0.60551 | |
| USDCHF |
|
|
0.8047 +113 pips |
0.8309 -375 pips |
0.79342 | |
| USDCZK |
|
|
21.8001 +8806 pips |
22.6955 -17760 pips |
20.91950 | |
| USDHUF |
|
|
354.9316 +1672 pips |
360.7773 -2256 pips |
338.21 | |
| USDMXN |
|
|
18.1572 -4717 pips |
19.2997 -6708 pips |
18.6289 |
News (USD)
U.S. Factory Orders Spike In Line With Estimates In May
New orders for U.S. manufactured goods saw a substantial rebound in the month of May, according to a report released by the Commerce Department on Thursday. The Commerce Department factory orders spiked by 8.2 percent in May after plunging by a revised 3.9 percent in April. The sharp increase matched economist estimates.
RTTNews | 1 day ago
U.S. Service Sector Returns To Growth In June
After reporting a slight contraction in U.S. service sector activity in the previous month, the Institute for Supply Management released a report on Thursday showing the service sector returned to growth in the month of June. The ISM said its services PMI rose to 50.8 in June from 49.9 in May, with a reading above 50 indicating growth. Economists had expected the index to inch up to 50.5.
RTTNews | 1 day ago
U.S. Trade Deficit Widens In May As Exports Slump
A report released by the Commerce Department on Thursday showed the U.S. trade deficit widened in the month of May amid a steep drop by the value of exports. The Commerce Department said the trade deficit climbed to $71.5 billion in May from a revised $60.3 billion in April. Economists had expected the trade deficit to increase to $71.0 billion.
RTTNews | 1 day ago
