Posts Tagged ‘ deficit ’

EUR/USD Drops to Lowest Level Since July 23rd

EUR/USD tumbled down today as yesterday’s dovish FOMC statement shook markets, seriously hurting outlook for the global economy. Today’s reports showed that trade balance deficit and treasury deficit increased, while US crude oil inventories continued to decline. EUR/USD trades now near 1.2874. US trade balance… [ READ MORE ]

Forex: Risk Aversion Magnified by Weaker Trade Data

The U.S. dollar remained under pressure following news that the trade deficit rose to its highest level since [ READ MORE ]

Euro Wrong Foots Shorts – 1.3000 Once More?

A burst of euro buying at the start of European trade caught the market completely by surprise in the wake of negative news from Hungary and Ireland. The euro had come under some selling pressure earlier in Asian session trade after Hungary failed to reach an accord with IMF over the country’s plan to [ READ MORE ]

EZ Trade Deficit Masks Good News

Eurozone posted larger than expected Trade Balance deficit in May as imports rose more than exports. EZ deficit for May printed at -3.0 Billion versus 0.8 Billion eyed. The EZ surplus in April was revised downward to 0.3 Billion from the initial figure of 1.8 Billion. [ READ MORE ]

EUR/USD Goes Up as Focus of Concerns Shift from E.U. to U.S.

EUR/USD currency pair went up, following two days of losses, after Greece auctioned its debt, despite it fell at the star of trading session as Moody’s Investor Service has cut Portugal’s credit rating. Widening U.S. trade balance deficit hadn’t helped the dollar to outperform the euro. EUR/USD trades… [ READ MORE ]

G-20 Was Little To Get Excited About

The price action in the currency and equity markets today suggests that the G20 meeting provided little surprises. However price action can sometimes be misleading as the G20 did surprise by placing a target date on deficit reduction and delaying higher capital requirements. This implies that the G20 believes that deficit reduction [ READ MORE ]

When Will Attention Shift to the Dollar?

The fiscal crisis ravaging the Euro and the Pound has sent the Dollar skyward. On the one hand, the prospect of continued uncertainty and dissolution of the Euro would seem to be an excellent harbinger for continued appreciation in the Dollar. On the other hand, it should only be a matter of time before investors [ READ MORE ]

Is There Any Hope for the Pound?

Compared to the Euro, the Pound is Gold (figuratively speaking). Compared to everything else, well, the Pound is probably closer to linoleum. Bad geology metaphors notwithstanding, there really isn’t much to get excited about when looking at the Pound. Let’s take the election, for example. Originally billed as a chance for a fresh start, politically, for [ READ MORE ]

EU Loan Package Boosts EUR/USD

EUR/USD rose today after two days of decline. The unprecedented €750 billion ($960 billion) loan package of the EU fueled some optimism for the common European currency, though concerns and doubts about the EU economy remain. The U.S. economy in the same time also showed good results as the trade deficit signaled that… [ READ MORE ]

Oil Affects US and Canadian Trade in Different Ways

Despite the improvement in the manufacturing sector, the March U.S. trade deficit climbed from -$40.4 billion to to -$39.4B, the highest level since December 2008. [ READ MORE ]

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