Dislikedon the other side ,, the aussie was very strong vs the dollar unlike the euro , it went down from 1.5140 to 1.4650 , thats almost 500 pips ,,Ignored
- #11,341
- Dec 10, 2009 7:04am Dec 10, 2009 7:04am
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
- #11,342
- Dec 10, 2009 7:06am Dec 10, 2009 7:06am
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
- #11,346
- Dec 10, 2009 7:15am Dec 10, 2009 7:15am
- | Joined Sep 2008 | Status: Lucky Man | 2,267 Posts
forget about tomorrow, just steal away into the night
- #11,350
- Dec 10, 2009 7:19am Dec 10, 2009 7:19am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
can somebody please help me understand what can possibly happen if trade balance actual report is greater than forcast and the same with unemployment claim... Appreciate your help very much 
Success consists of going from failure to failure without loss of enthusiam
- #11,352
- Dec 10, 2009 7:20am Dec 10, 2009 7:20am
- | Joined Sep 2008 | Status: Lucky Man | 2,267 Posts
forget about tomorrow, just steal away into the night
- #11,354
- Dec 10, 2009 7:32am Dec 10, 2009 7:32am
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
- #11,356
- Dec 10, 2009 7:33am Dec 10, 2009 7:33am
can somebody please help me understand what can possibly happen if trade balance actual report is greater than forcast and the same with unemployment claim... Appreciate your help very much
Sorry for the large post but this might assist.
A51
Trade Balance
The US Trade Balance refers to the difference between exports of goods and services out of the US, and imports to America. The trade balance is one of the biggest components of the US's Balance of Payment, which gives valuable insight and heavy pressure on the value of the dollar.
A positive Trade Balance (surplus) indicates that exports are greater than imports. When imports exceed exports, the US experiences a trade deficit. Because foreign goods are usually purchased using foreign currency, trade deficits usually reflect dollars leaking out of the country. Such currency outflows may lead to a natural depreciation of a dollar, unless countered by comparable capital inflows (US Net Foreign Security Purchases, or TICs data reports on such capital flows). At a bare minimum, deficits fundamentally weigh down the value of the currency.
There are a number of factors that work to diminish the market impact of US Trade Balance. The report is not very timely, coming some time after the reporting period. Developments in many of the figure's components are also typically well anticipated. Lastly, since the report reflects data for a specific reporting month, any significant changes in the Trade Balance should plausibly have already been felt during that month and not during the release of data. However, because of the overall significance of Trade Balance data in forecasting trends in the Forex Market, the release has historically been one of the more important reports out of the US.
Unemployment Claims
The number of individuals who filed for unemployment insurance for the first time during the past week. This is the nation's earliest economic data. The market impact fluctuates from week to week - there tends to be more focus on the release when traders need to diagnose recent developments, or when the reading is at extremes.
- #11,357
- Dec 10, 2009 7:34am Dec 10, 2009 7:34am
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
just for quick pip thats all
- #11,358
- Dec 10, 2009 7:36am Dec 10, 2009 7:36am
- | Joined Sep 2008 | Status: Lucky Man | 2,267 Posts
forget about tomorrow, just steal away into the night
- #11,359
- Dec 10, 2009 7:38am Dec 10, 2009 7:38am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
Success consists of going from failure to failure without loss of enthusiam