Tag Archive: U.S. Current Account

The Current Account index measures the difference in value between exported and imported goods, services and interest payments during the reported month. The goods portion is the same as the monthly Trade Balance figure. Because foreigners must buy the domestic currency to pay for the exports the data can have a sizable affect on the EUR.

FX Daily, December 19: US Equities Set Pace, While Greenback Consolidates Inside Monday’s Ranges

2017-12-19

by Marc Chandler

2017-12-19

US tax changes appear to be providing fuel for the year-end advance that has carried the major indices to new record highs. The coattails are a bit short, and while global equity markets are firm, they are unable to match the strength of US. Despite a heavier tone in Japan, Taiwan, and Korea, the MSCI Asia Pacific Index edged higher for the second session but remains around one percent below the record highs set in late November.

Read More »

FX Daily, September 19: Quiet Tuesday, Follow the Leader

2017-09-19

by Marc Chandler

2017-09-19

Politics seems to dominate the talking points today. Boris Johnson's weekend op-ed has been rejected by May, and there is talk that Johnson may resign or fired. Sterling is consolidating after pulling back yesterday. Carney said that if the UK does hike it will be gradual and limited. The markets did respond dramatically to the BOE minutes and suggestions by even some of the doves that rates may need to be lifted, but there is still a good reason...

Read More »

FX Daily, June 20: Officials Fill Vacuum of Data to Drive FX Market

2017-06-20

by Marc Chandler

2017-06-20

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.

Read More »

FX Daily, March 21: Euro Recovery Continues, Posts New Six Week High Other Currencies Mixed

2017-03-21

by Marc Chandler

2017-03-21

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.

Read More »

FX Daily, September 15: Early Update: Full Calendar but Little News

2016-09-15

by Marc Chandler

2016-09-15

Looking at the diary, today is the most important day of the week. The Bank of England and the Swiss National Bank meet. The UK reports retail sales. EMU reports CPI figures. The US reports retail sales, industrial output, and two September Fed surveys. Yet the economic updates are unlikely change sentiment ahead of next week FOMC and BOJ meetings.

Read More »