Archive for December 29th, 2015

Deeper Analysis

U.S. Trade Deficit Contained by Plunging Price of OPEC Oil

December 29, 2015

The census-basis U.S. merchandise trade deficit of $614.2 billion accrued over the first ten months of 2015 was an insignificant $3.45 billion wider than the year-earlier shortfall.  However, that trivial change masks huge shifts in the distribution of deficit across foreign markets.  Trade with OPEC swung to a $4.35 billion surplus from a $47.8 billion […] More

New Overnight Developments Abroad - Daily Update

Euro Resistance Near $1.1000 Continuing

December 29, 2015

The dollar is unchanged against the euro, Swiss franc, Chinese renminbi, and Japanese yen.  The euro’s uptrend has met repeated resistance around $1.097. Spain’s unsettled political outlook has been a depressant. The greenback is 0.2% firmer against the loonie and sterling but 0.3% softer relative to the Australian and New Zealand currencies. Following a 2.0%plus […] More