Analysts at Nomura note that the US advance estimate of the goods trade deficit was $68.2bn in April (Nomura: $69.8bn, Consensus: $71.0bn), down $0.4bn from $68.6bn in March. Key Quotes “Goods exports declined slightly after a strong increase in March. Although we had expected goods imports to rebound after an unexpected decline in March, goods imports fell $1.1bn (down 0.5% m-o-m) from the March estimates. In addition, advance retail inventories rose solidly by 0.6% m-o-m while wholesalers’ inventories were flat in April, pointing to some weakness in the month.” “GDP tracking update: Incoming data on the advance goods trade balance suggest a narrower-than-expected goods trade balance for April. Moreover, in the BEA’s second estimate of GDP, inventory investment came in weaker than we expected. This implies more of an increase in inventory investment in Q2. Thus, we raised our Q2 real GDP tracking estimate by 0.1pp to 3.5% q-o-q saar.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Moody’s Cuts India’s Growth Forecast to 7.3% for 2018 FX Street 5 years Analysts at Nomura note that the US advance estimate of the goods trade deficit was $68.2bn in April (Nomura: $69.8bn, Consensus: $71.0bn), down $0.4bn from $68.6bn in March. Key Quotes "Goods exports declined slightly after a strong increase in March. Although we had expected goods imports to rebound after an unexpected decline in March, goods imports fell $1.1bn (down 0.5% m-o-m) from the March estimates. In addition, advance retail inventories rose solidly by 0.6% m-o-m while wholesalers' inventories were flat in April, pointing to some weakness in the month." "GDP tracking update: Incoming data on the advance goods trade balance… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
