Import and export price inflation continues although the year-over-year rate of increase continues to slow. Analyst Opinion of the Import/Export Price Situation The elephant in this month’s decline are fuel/oil and agriculture commodities. If one ignores these commodities, the year-over-year inflation rate for imports and exports is higher. Import Oil prices were down 2.1 %…
The US Dollar Index traded at 10-month trough as concerns grow over the Federal Reserve’s likeliness to hike interest rates given the current economic environment. The Index, which FX traders use to assess the Dollar’s relative weight, has fallen some 8.8% since the January 3rd high of 103.82; currently, it trades at 94.706 .DXY. The Dollar is…
Day trading stock picks likely to move big (up or down) during the week of July 18: CBI, HTZ, WLL, FTR, OAS, AMD and few that are usually good day trading candidates: SPY, BAC, WFT, MOMO, CLF, AKS. Chicago Bridge & Iron (CBI) Average day range (30) is 7.72% and average volume (30) is 9 million….
EUR/USD: The pair resumed its medium term uptrend on Tuesday leaving additional risk on the upside. Resistance comes in at 1.1600 level with a cut through here opening the door for more upside towards the 1.1650 level. Further up, resistance lies at the 1.1700 level where a break will expose the 1.1750 level. Its daily…
President Trump is falling woefully short on his promise to fix the trade deficit. It’s on track to hit $570 billion this year — up from $505 billion in 2016. Critics blame the trade gap for lost manufacturing jobs, and apologists assert it permits Americans to consume more and cheaper products without much harm. Both arguments have some…
For the second month in a row both import and export prices fell MoM (imports -0.2%; exports -0.2%)… This is the equal biggest MoM drop in import prices since Feb 2016… Petroleum prices dropped 2.2% – the biggest driver – along with Foods & Beverages (-1.6%) and Agricultural (-1.5%). Year over year, import and export price…
Production processes have become more likely to cross international borders, thus creating what are called “global value chains” or “global supply chains.” Chiara Criscuolo and Jonathan Timmis discuss “The Chiara Criscuolo and Jonathan Timmis discuss “The” in the Spring 2017 issue of International Productivity Monitor (vol. 32, pp. 61-83). I’ll start here with a few facts, and then…
The Australian dollar made a big break, taking advantage of the hawkish RBA minutes. Has it gone too far? Here is their view, courtesy of eFXnews: NAB FX Strategy Research notes that AUD/USD spent much of the March-June period significantly undervalued relative to NAB’s Short Term Fair Value model (STFV), before spending all of July above…
While this week does contain the potential for some fireworks, few were probably expecting matters to develop so quickly ahead of the European Central Bank rate decision on Thursday. Starting at about 9PM ET yesterday, EUR/USD began to breakout to the upside, again, and the move hasn’t yet stopped. This breakout has cleared above the…
The Johnson & Johnson (JNJ) Q2:F17 and Harley-Davidson (HOG) Q2:F17 earnings reports were released before opening bell this morning. Johnson & Johnson posted adjusted earnings of $1.83 per share on $18.8 billion in sales, compared to the consensus estimates of $1.79 per share and $18.95 billion in revenue. In last year’s second quarter, the company…
