US: Trade balance in focus – TD Securities

According to analysts at TD Securities, in the forthcoming US session, the release of trade balance will be the key economic indicator for the day.

Key Quotes

“The trade balance is expected to be less detrimental to growth at the start of the third quarter, posting a smaller USD 53.5bn deficit for July. The deficit ended the second quarter with a slightly larger trade gap at USD 55.2bn.”