The US external trade deficit increased up to $52.6B in January. December’s reading was equal to $48,8B. This is the highest level since 2008.
It should be noted that the US export to Europe shrunk by 7.5%. It accounts for 20% of the country’s total export. The pessimistic forecasts for the growth of the US budget deficit seem to be confirmed.
According to the Department of Masterforex-V Trading System , the USD index keeps rallying in the form of wave A(C )/C H4. The price reached the 80.08 target on March 9th. It consolidated above the level and continued the rally up to 80.44 and 80.71. In order to reverse the mid-term trend the price should break through the MF sloping channel and pivot 79.2, with a FZR below this level.
