The US advance indicators report revealed a huge April pullback in the goods trade deficit from an all-time wide in March that shattered the prior record in January. We saw a big import drop after an outsized March surge and a big gain for exports, alongside an upside wholesale inventory surprise that more than offset an auto-restrained retail inventory gain. The trade figures faced an energy price pull-back in April after a massive March lift with the war in Ukraine.
Click here to access our Economic Calendar
Stuart Cowell
Head Market Analyst
Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distribution.
