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5 Feb 2015
US trade deficit to narrow sharply – TDS
FXStreet (Barcelona) - Paul Fage of TD Securities, previews the data ahead for US, expecting the trade balance data to show a sharp fall to -$36.5B.
Key Quotes
“The December trade balance will be the key report on Thursday, though investors are likely to remain more focused on Friday’s payrolls. We look for the deficit to narrow sharply to -$36.5B form -$39.0B, reflecting a lower import bill as oil prices plunged 20% during the month.”
“A stronger USD could nevertheless restrain exports, slowing the contraction in deficits.”
“Weekly jobless claims will also be on tap, and we look for a correction to 300K following the prior week’s unexpected collapse to 265K.”
Key Quotes
“The December trade balance will be the key report on Thursday, though investors are likely to remain more focused on Friday’s payrolls. We look for the deficit to narrow sharply to -$36.5B form -$39.0B, reflecting a lower import bill as oil prices plunged 20% during the month.”
“A stronger USD could nevertheless restrain exports, slowing the contraction in deficits.”
“Weekly jobless claims will also be on tap, and we look for a correction to 300K following the prior week’s unexpected collapse to 265K.”