News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
Mixed
Gold
Bearish
GBP/USD
Bullish
USD/JPY
Bearish
More View more
Real Time News
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here: https://t.co/KDjIjLdTSk https://t.co/F7qhF7cazx
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.38% 🇨🇭CHF: 0.29% 🇨🇦CAD: 0.28% 🇯🇵JPY: -0.03% 🇦🇺AUD: -0.22% 🇳🇿NZD: -0.33% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/uDphropBki
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Gold: 0.68% Silver: 0.37% Oil - US Crude: -0.11% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/GjCpxqPpKk
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.55%, while traders in Germany 30 are at opposite extremes with 80.61%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/XBXs1LXXEF
  • Ontario Premier: Ontario is extending its stay-at-home order to six full weeks $CAD
  • As UK vaccination rates have slowed, coupled with a backdrop of calmed UK Gilt yields, the British Pound’s relative appeal that carried it through the first three months of 2021 has been tarnished. Get your market update from @CVecchioFX here:https://t.co/7aZHtoa1vg https://t.co/YQYvJ17SMb
  • For most of 2021, the US 10Y yield remained in an ascending channel. In recent sessions, yields have cooled thanks to a dovish Fed. Also of note, markets appear to be signaling that US outperformance is now fully priced in. https://t.co/QD7ctvXB6T
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: France 40: 0.40% Germany 30: 0.35% FTSE 100: 0.27% US 500: -0.01% Wall Street: -0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/TQst43wrMf
  • GBP: Gradual chopping decline since Feb smacks of corrective behavior. Bull-flag coming into view that could soon trigger. Get your $GBP market update from @PaulRobinsonFX here:https://t.co/ndjE4K0Nmk https://t.co/8dxgUTYH7V
  • #Bitcoin lower by more than 2.5% as Turkey bans crypto payments, citing risks #BTC $BTCUSD https://t.co/KFj1mJjBpp
U.S. Dollar Little Moved after December Trade Deficit Hit 6-month High

U.S. Dollar Little Moved after December Trade Deficit Hit 6-month High

Trang Nguyen,

THE TAKEAWAY: U.S. Budget Deficit Widened in December> Imports Climbed more than Exports > U.S. Dollar Little Moved

The report issued by the Commerce Department today showed that trade deficit unexpectedly rose to $48.8 billion in December, the highest level in six months. The print is close to consensus forecast of a deficit of $48.5 billion, according to the Bloomberg survey. November deficit was revised lower to $47.1 billion from $47.8 billion initially reported. From a year prior, goods and services deficit gained $8.3 billion, with exports up 9.0 percent to $14.8 billion and imports up 11.3 percent to $23.1 billion.

U.S. Trade Balance ($BLN): January 2010 to Present

021012_US_Trade_Balance_December_body_Chart_1.png, U.S. Dollar Little Moved after December Trade Deficit Hit 6-month High

Prepared by Trang Nguyen

The U.S. trade gap widens sharply in December as imports of goods and services climbed more than exports. December imports surged $3.0 billion to $224.6 billion resulting from increases in capital goods, consumer goods, automotive vehicles and industrial supplies and material purchases from overseas. Meanwhile, exports edged up $1.2 billion $177.7 billion as U.S. firms sold more industrial supplies and materials, automotive vehicles and foods, feeds and beverages to international market.

For the full year, the total goods and services deficit was $558.0 billion in 2011, $58.0 billion up from $500 billion in 2010. As such, 2011 trade deficit was corresponding to 3.7 percent of U.S. gross domestic product compared to 3.4 percent in 2010. U.S. officials recently expressed their concerns that possible European recession would trigger the notably decline in U.S. exports to Europe, thus widening the U.S. trade gap this year.

EUR/USD 1-minute chart: February 10, 2012

021012_US_Trade_Balance_December_body_Picture_1.png, U.S. Dollar Little Moved after December Trade Deficit Hit 6-month High

Charts created using Strategy Trader– Prepared by Trang Nguyen

The U.S. dollar gained its footings versus most of its major trading partners during an overnight trade amid surge of risk aversion as investors diversified away from the euro and risk-correlated assets after euro-zone ministers postponed approval for the second bailout package to Greece. However, market participants showed fairly muted reactions following the U.S. trade balance report. As can be seen from 1-minute EUR/USD chart above, the currency pair traded within a tight range between 1.3160 and 1.3180 after U.S. trade balance was reported to hit 6-month high. The Relative Strength Indicator (RSI) lying between 30- and 70-level indicated neither overbought nor oversold reaction regarding to the EUR/USD pair. At the time this report was written, a euro trades at $1.31796.

--- Written by Trang Nguyen, DailyFX Research Team for DailyFX.com

To contact Trang, email tnguyen@dailyfx.com

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES