what do you think US Trade Balance today, is good for Dollar or not? I have information the figure will be spinning. please give your comment
Previous :-69.9B
Consensus: -65.7B
Actual : ???????
Previous :-69.9B
Consensus: -65.7B
Actual : ???????
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Quoting BurgerKingDislikedDoes anyone knows the major countries US is trading with?
Perhaps, we can research and predict a "trade balance" by looking at individual country's trade balance sheets - IF they publish their sheets earlier than US.
We know China is the major trade partner... And it has been a one-way trade in favor of China.. How about other countries?Ignored
Quoting FXopportunistDislikedCommerzbank stated that they expect a lower trade balance figure due to the drop in oil prices and a large us delivery of some jetliners. My thinking is that this should lead to a healthy spike but it should not have much follow through because the smart money knows these facts.Ignored
The EUR view:
Today the main focus will be on September US trade data.
The sharp drop in oil prices will be reflected in the balance, pulling down
nominal oil imports. On the export side, aircraft deliveries will be higher than
in August, but container shipments and the ISM index rather indicate weak
exports. Overall, we expect a moderate contraction of the US trade deficit in
September, which may lend the dollar support towards 1.2720. University of
Michigan Index is likely to remain on high levels, but won’t have much
impact unless it is a surprise.Any dollar gains should be limited to 1.2660
though this is unlikely today. The week being short for US markets, we don’t
expect any major change of the current sentiment ahead of the weekend.
Next week is full of US data, which is likely underline the Fed’s message of
moderate growth and lower inflation in time, giving the market more food for
thought about the dollar’s direction.
Quoting BurgerKingDislikedWhat do you mean "Weaker" than normal?
Thats the problem when talking with negative numbers; when yuo say "lower than -65B", mathematically it means -70B, -75B....Ignored
Quoting BurgerKingDislikedWhat do you mean "Weaker" than normal?
Thats the problem when talking with negative numbers; when yuo say "lower than -65B", mathematically it means -70B, -75B....Ignored
Quoting FXopportunistDislikedJungle Lion posted that he heard rumors of a weaker than normal number but he did not say his source. Since there are more details to Commerzbank's statement I will cut and paste it.Ignored
Quoting TheJungleLionDislikedMy news source was
http://news.efxnow.com/en/commentary/index.html
Guess I should pay more attention to technicals than listening to rumor's .Ignored
Quoting FXopportunistDislikedCommerzbank Daily Currency Briefing:
The EUR view: Today the main focus will be on September US trade data.
The sharp drop in oil prices will be reflected in the balance, pulling down
nominal oil imports. On the export side, aircraft deliveries will be higher than
in August, but container shipments and the ISM index rather indicate weak
exports. Overall, we expect a moderate contraction of the US trade deficit in
September, which may lend the dollar support towards 1.2720. University of
Michigan Index is likely to remain on high levels, but won’t have much
impact unless it is a surprise.Any dollar gains should be limited to 1.2660
though this is unlikely today. The week being short for US markets, we don’t
expect any major change of the current sentiment ahead of the weekend.
Next week is full of US data, which is likely underline the Fed’s message of
moderate growth and lower inflation in time, giving the market more food for
thought about the dollar’s direction.
Ignored