USD/IDR: Rupiah off the lows post-upbeat Indonesian trade data

According to the latest trade data published by the Indonesian Statistics Bureau, the country posted a smaller-than-expected trade deficit in July after recording two straight months of surplus in June and May.

Indonesia reported a trade deficit of $0.06 billion vs. $-0.42 billion expected and $+0.20 billion previous. The imports and exports came in at -15.21% and -5.12% respectively vs. -18.12% and -11.40% expectations and +2.80% and -8.98% respective priors.

The median forecast from 11 economists was for a $0.42 trade deficit last month, the Reuters poll showed last week.

Upbeat trade report helps the Indonesian Rupiah to recover some ground versus the US dollar, sending the USD/IDR cross lower towards 14,275 levels. The pair hit two-day highs of 14,310 before the data release.

USD/IDR Levels to watch


Today last price 14278.8
Today Daily Change -12.1500
Today Daily Change % -0.09
Today daily open 14290.95
Daily SMA20 14123.53
Daily SMA50 14142.595
Daily SMA100 14198.608
Daily SMA200 14246.701
Previous Daily High 14327.75
Previous Daily Low 14171.75
Previous Weekly High 14582.9
Previous Weekly Low 14159.35
Previous Monthly High 14240
Previous Monthly Low 13884
Daily Fibonacci 38.2% 14268.158
Daily Fibonacci 61.8% 14231.342
Daily Pivot Point S1 14199.2167
Daily Pivot Point S2 14107.4833
Daily Pivot Point S3 14043.2167
Daily Pivot Point R1 14355.2167
Daily Pivot Point R2 14419.4833
Daily Pivot Point R3 14511.2167



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD: Ends five-day losing streak, but bias remains bearish

EUR/USD gained 0.19% on Wednesday, snapping a five-day losing streak, however, the outlook remains bearish as the pair is trading well below the former support-turned-resistance of 1.1162 (Aug. 12 low).


GBP/USD: Teasing inverse head-and-shoulders breakout

GBP/USD is flirting with the inverse head-and-shoulders neckline resistance of 1.2165 at press time. An inverse head-and-shoulders is a bullish reversal pattern and its success rate is high when it appears after a notable sell-off.


USD/JPY: 106.50 tested amid higher S&P futures, Treasury yields

Following a temporary reversal seen on Tuesday, the USD/JPY pair resume the bullish momentum in Wednesday's Asian trading and tests the 106.50 level, tracking the gains in the US Treasury yields and S&P 500 futures. 


Gold: Bulls cheer pullback from 10-day EMA

Following its successful bounce off 10-day exponential moving average (EMA), Gold takes the bids to $1507 during the early Asian session on Wednesday. The yellow metal now heads to Friday’s high around $1528 ahead of questioning the monthly top surrounding $1535.

Gold News

FOMC Minutes July 30-31 Meeting Preview: The Fed vs the markets

The Fed policy that switched to neutral in Jan completed the circle last month with first decrease in the base rate in more than a decade from a 2.50% upper target to 2.25%. Markets expect a second cut at the September 18th FOMC.

Read more