Tag Archive: Spain Trade Balance
The balance of trade, commercial balance, or net exports (sometimes symbolized as NX), is the difference between the monetary value of a nation’s exports and imports over a certain period. Sometimes a distinction is made between a balance of trade for goods versus one for services. If a country exports a greater value than it imports, it is called a trade surplus, positive balance, or a “favourable balance”, and conversely, if a country imports a greater value than it exports, it is called a trade deficit, negative balance, “unfavorable balance”, or, informally, a “trade gap”.
FX Daily, February 20: Dollar Trades Higher, but Stocks Challenged at Key Chart Point
The dollar is finding better traction today, building on the upside reversal seen before the weekend. The news stream has been light and it seems like primarily an issue of positioning rather than a change in sentiment or the consensus narrative. The focus has shifted from monetary policy and idea that the ECB and BOJ are exiting their extraordinary monetary policy to return of the twin deficit problem in the US.
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FX Daily, November 21: Dollar Marks Time
The US dollar has largely been confined to yesterday's trading ranges against the major currencies amid light news. The North American session does not hold much hope for fresh impetus. The US reports October existing home sales, which are not typically market moving in the best of times. Yellen does not speak until after the markets close, and even then is unlikely to sway expectations, which have priced in a rate hike next month.
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FX Daily, October 20:Tax Prospects Lift Rates and Dollar Ahead of Weekend
The US Senate approved a budget resolution that is a necessary step toward using a parliamentary maneuver that prevents the Democrats to block tax reform by filibuster. This has helped spur dollar gains against all the major currencies and nearly all the emerging market currencies.
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FX Daily, August 22: Turn Around Tuesday Sees Firmer Dollar, Rates, and Equities
The US dollar has recouped most of yesterday's declines. However, as we have seen over the past couple of sessions, he North American market appears more dollar negative than Europe or Asia. The dollar's rise through the European morning has left the intraday technical indicators a bit stretched, warning that this short-term pattern continues today.
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FX Daily, July 21: Dollar Licks Wounds as News Stream Doesn’t Improve
The euro has depreciated by 0.13 to 1.1043 CHF. ECB President Draghi did not argue forcefully enough at yesterday's press conference to dampen the enthusiasm for the euro. The initial dip was quickly bought and the euro chased above last year's high near $1.1615, and the gains have been extended to nearly $1.1680 today. The next target is the August 2015 near $1.1715 is near.
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FX Daily, June 20: Officials Fill Vacuum of Data to Drive FX Market
The light economic calendar has cleared the field to allow officials to clarify their positions. Yesterday it was NY Fed President Dudley and Chicago Fed Evans who argued that economic conditions continued to require a gradual removal of accommodation. The Fed's Vice Chairman Fischer did not address US monetary policy directly but did note that housing prices were elevated and that low interest rates
contributed.
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FX Daily, May 23: Greenback Remains Soft
The US dollar cannot get out of its own way, it seems. With a light economic schedule, there is little to offset the continued drumbeat of troubling political developments. The latest turn, as reported first in the Washington Post, that President Trump asked heads of intelligence groups to also publicly deny collusion with Russia.
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FX Daily, March 21: Euro Recovery Continues, Posts New Six Week High Other Currencies Mixed
Growing confidence that Le Pen will not be the next president of France following the televised debate for which two polls showed Macron doing best has lifted the euro and reduced the French interest rate premium over Germany. The euro pushed through $1.0800 after initially dipping below yesterday's lows.
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FX Daily, November 21: Flattish Consolidation Hides Dollar Strength
The news over the weekend is primarily political in nature. Sarkozy is going to retire (again) after taking a drubbing in the Republican Party primary in France. Fillon, the self-styled French Thatcher unexpected beat Juppe, but without 50% and therefore the results set up the run-off this coming weekend. It is as if, knowing their candidate will likely face Le Pen in the final round next spring, the Republican Party might as well chose the most...
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