Oops Merlin, I mean't the balance of payments (BoP) which includes the current account (trade balance is part of this) and the capital account. For every pound or dollar spent on exports there will or should be offsetting or 'balancing' flows in the other side of the accounts. It should net off to zero. Some parts are in surplus, some parts in deficit, but it always balances (like the balance sheet in a set of accounts, its the balance of payments is also an accounting identity).
There are concerns and implications for the currency depending on the make up of the various components of the balance of payments but the relationship is not as simple as the media portrays.
I think a good 20B diviation will move the USD up at the news release. otherwise i think we may see the USD LOSS GROUND.
Just guassing
Ignored
I Did not follow today's TIC, but I believe you need a 50B deviation to trade the TIC. It came out 37B worse than expected. Were you able to successfully trade it with the 20B trigger today? If so, what currency pair did you use?
I Did not follow today's TIC, but I believe you need a 50B deviation to trade the TIC. It came out 37B worse than expected. Were you able to successfully trade it with the 20B trigger today? If so, what currency pair did you use?
