日本語
Español
中文
Русский 
- New York 00:31
- London 05:31
- Barcelona 06:31
- Tokyo 14:31
- Sydney 16:31
Daily Market Commentary
This report has been deactivated
1
0
Trade: US Deficit Improves, Canadian Surplus Shrinks
Tue, Jan 13 2009, 22:15 GMT
by Kathy Lien
Trade: US Deficit Improves, Canadian Surplus Shrinks
The US trade deficit narrowed materially in the month of November to the smallest since June 2003. Although the narrower trade deficit is normally something to cheer about, the details of the report indicate that the only reasons why trade improved was because of the fall in oil prices and slower domestic demand. The big story is in imports, which plunged 12 percent in November. Unfortunately the strength of the dollar did not drive stronger US demand for foreign goods but it did cut exports by 5.8 percent. The US dollar strengthened following the report but the gains may be limited because the report reflects the weakness rather than strength of the US economy.
Meanwhile Canada is at the brink of turning a deficit for the first time in 10 years. Their trade surplus shrank to 1.3B in November, the smallest since October 1997. The toxic combination of falling oil prices and weaker US demand for vehicles has caused exports to drop 6.8 percent the fourth consecutive month.
Unsurprisingly, USD/CAD has soared the following the release on the better trade report from the US and weaker report from Canada.
Published on Tue, Jan 13 2009, 22:17 GMT
Archive
- US Dollar: FOMC Over, Now What?
Published On Thu, Jan 29 2009, 02:42 GMT - New Zealand Cuts Interest Rates by 150bp to 3.5%
Published On Thu, Jan 29 2009, 02:40 GMT - FOMC Instant Insight: Fed Announcement Triggers Dollar Rally
Published On Wed, Jan 28 2009, 23:20 GMT - Currencies Rally on Obama's Plan to Save Banks
Published On Wed, Jan 28 2009, 23:17 GMT - US Dollar: Acts of Desperation?
Published On Wed, Jan 28 2009, 02:56 GMT
Global Forex Trading Ltd
| 4760 East Fulton Road, Suite 201, Ada, Michigan, U.S.A
http://www.gftforex.com/ | info@gftforex.com
Legal disclaimer and risk disclosure
This forum and the information provided here should not be relied on as a substitute for extensive independent research before making your investment decisions. Global Forex Trading is merely providing this column for your general information. The views of the author are not necessarily those of Global Forex Trading, its owners, officers, agents or employees. In addition, any projections or views of the market provided by the author may not prove to be accurate. Global Forex Trading and Cornelius Luca will not be responsible for any losses incurred on investments made by readers and clients as a result of any information contained in this column. Global Forex Trading and Cornelius Luca do not render investment, legal, accounting, tax, or other professional advice. If investment, legal, tax, or other expert assistance is required, the services of a competent professional should be sought.Related reports
FX Weekly Report - Dollar could be reaching the Rubicon by Trading Metro
Mon, Nov 23 2009, 02:09 GMT
Daily Forex Strategy Briefing - Greenback Gains as Equities Consolidate by CMS Forex
Mon, Nov 23 2009, 01:45 GMT
Currency Majors Technical Perspective by FXstreet.com Independent Analyst Team
Mon, Nov 23 2009, 00:03 GMT
Daily Video Recap - Greenback Extends Gains Heading into Weekend by CMS Forex
Sun, Nov 22 2009, 22:21 GMT
Weekly Focus - Squaring positions by Danske Bank A/S
Fri, Nov 20 2009, 16:45 GMT
us, usdcad, highlighted, tradebalance
View AllRelated content
OIL DATA: Table Of China October Oil, Oil Product -2-
Dow Jones | Mon, Nov 23 2009, 05:05 GMT
OIL DATA: Table Of China October Oil, Oil Product Exports
Dow Jones | Mon, Nov 23 2009, 05:05 GMT
Forex: NZD/USD trading at 0.7276
FXstreet.com | Mon, Nov 23 2009, 05:02 GMT
OIL DATA: Table Of China October Oil, Oil -2-
Dow Jones | Mon, Nov 23 2009, 04:44 GMT
OIL DATA: Table Of China October Oil, Oil Product, LNG Imports
Dow Jones | Mon, Nov 23 2009, 04:44 GMT
us, usdcad, highlighted, tradebalance
View All
Interested in forex trading? forex brokerage firms!
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.