The trade balance in the US stood at $ -43.0 billion, missing estimates of $ - 40.0 billion. This is an increase of 3 billion in deficit compared to the figure last month.
I used this opportunity to short EUR/USD as the US economy is still fundamentally strong and in view of a Mario Draghi speech this week. Historically, Draghi has always caused this pair to fall every time he speaks.
No comments:
Post a Comment