Forex 3333 investment

Best of all forex investment , Only 1 pip , Free Practice account too.
HomePortalFAQSearchRegisterMemberlistUsergroupsLog in
Free Adv & Investment

Free Advertise & Investment


Free Advertise


Latest topics
» what is the best crm software ?
Fri Sep 19, 2014 1:14 am by Jessia2020

» Forex Trading Strategies – Its all about Boxes
Sat Oct 26, 2013 1:57 am by ivan2125

» forex newbie
Tue Oct 22, 2013 5:04 pm by bency888

» forex game app
Fri Aug 09, 2013 3:59 am by balibo

» Which trend should I look? The long term or short term?
Sat Aug 25, 2012 3:32 pm by asiaforexmentor

» Forex Trading Strategies & System – 2nd Chance
Sat Aug 25, 2012 12:13 am by asiaforexmentor

» Psychology Of Forex Trading
Wed Aug 15, 2012 6:35 pm by asiaforexmentor

»  Forex Trading Strategies & System – 2nd Chance
Wed Aug 08, 2012 6:27 pm by asiaforexmentor

»  Forex Trading Strategies – Fibonacci
Fri Aug 03, 2012 11:51 pm by asiaforexmentor

» Forex Trading System What happens when 1 pin fails to break?
Fri Jul 27, 2012 10:44 am by asiaforexmentor

» Forex Price Action – Why did one Price Action Pin work and not the other.
Mon Jul 16, 2012 4:57 pm by asiaforexmentor

» can u please tell me how to over come a situation like This?
Mon Jul 09, 2012 5:00 pm by asiaforexmentor

» Forex Trading Systems – Ping Pong Trade
Thu Jul 05, 2012 11:51 am by asiaforexmentor

Thu Jun 28, 2012 2:53 pm by asiaforexmentor

» The Super Power Forex Trading Secrets.
Mon Jun 11, 2012 2:58 pm by asiaforexmentor

» Price Action – Double Pin Bar
Tue Jun 05, 2012 4:05 pm by asiaforexmentor

» Forex Trading – Gaps
Mon May 28, 2012 8:05 pm by asiaforexmentor

» Spread Rebate Program
Mon May 28, 2012 4:18 pm by rion

» Should we or should we not take this trade?
Tue May 22, 2012 5:12 pm by asiaforexmentor

» How do you trade the news in forex trading?
Wed May 16, 2012 8:06 pm by asiaforexmentor

» Forex Trading Psychology: Levels of FEAR
Mon May 07, 2012 11:58 am by asiaforexmentor

» How to take this Price Action Pin Bar(Part 2)
Mon Apr 30, 2012 3:24 pm by asiaforexmentor

» How to take this Price Action Pin Bar(Part 1)
Mon Apr 23, 2012 4:46 pm by asiaforexmentor

Wed Apr 11, 2012 5:11 pm by asiaforexmentor

» How to be consistently profitable in forex trading.
Wed Apr 04, 2012 9:29 pm by luzfxtrader

» Are we just plain scared to trade the lower time frames in forex trading?
Mon Apr 02, 2012 4:59 pm by asiaforexmentor

» Forex Trading Is Like stacking a Pack of Cards.
Mon Mar 19, 2012 5:47 pm by asiaforexmentor

» How I Turned a Losing Trade to a Winning Trade.
Mon Mar 12, 2012 8:48 pm by asiaforexmentor

» Learn FX Trading -> Your Forex Work Station.
Tue Feb 28, 2012 2:58 pm by asiaforexmentor

» Price Action Forex -Why Forex Trading is Easy with Price Action?
Mon Feb 20, 2012 12:22 pm by asiaforexmentor

Mon Feb 13, 2012 1:04 pm by asiaforexmentor

» Free Daily Price Action Forex Trading Strategies & System
Mon Feb 06, 2012 1:25 pm by asiaforexmentor

» Importance of stop loss placement in forex trading.
Tue Jan 31, 2012 12:28 pm by asiaforexmentor

» Free Daily Price Action Forex Trading Strategies & System From Asia Forex M
Wed Jan 25, 2012 12:56 am by asiaforexmentor

» Let’s Make Year 2012 a Great Year.
Mon Jan 16, 2012 12:42 pm by asiaforexmentor

» How do you trade the news in forex trading?
Mon Jan 02, 2012 6:32 pm by asiaforexmentor

» Risk Management in Forex Trading.
Tue Dec 27, 2011 3:41 pm by asiaforexmentor

» What’s your winning probability?
Mon Dec 19, 2011 4:56 pm by asiaforexmentor

» Professional Forex Trading Strategies.
Wed Dec 07, 2011 4:14 pm by asiaforexmentor

» Forex News Trading – Why should you NOT trade this!
Mon Nov 28, 2011 6:10 pm by asiaforexmentor

» What is Price action?
Mon Nov 21, 2011 12:47 pm by asiaforexmentor

» What can we expect for the EUR and the USD?
Tue Nov 15, 2011 5:27 pm by asiaforexmentor

Tue Nov 08, 2011 12:07 pm by asiaforexmentor

» Online Forex Trading: Are You A Lion or a Cub?
Tue Nov 01, 2011 12:19 am by asiaforexmentor

» Whats your Risk percentage per trade?
Mon Oct 24, 2011 3:43 pm by asiaforexmentor

» WHY you should NEVER Trade Live without learning a Proper Forex Course
Mon Oct 17, 2011 2:31 pm by asiaforexmentor

» Unite World Capital Ltd. -
Thu Oct 13, 2011 10:59 pm by Goldman

» Forex Breakout: Why are they so profitable?
Thu Oct 06, 2011 2:52 pm by asiaforexmentor

» How many times do you trade a week?
Sat Oct 01, 2011 9:04 pm by asiaforexmentor

» Mastering your emotions for efficient Forex Trading.
Tue Sep 13, 2011 7:49 pm by asiaforexmentor


Display results as :
Rechercher Advanced Search

Share | 

 U.S. January Trade Deficit Rises 0.6%; Exports Gain (Update3)

Go down 


Number of posts : 14
Registration date : 2008-03-03

PostSubject: U.S. January Trade Deficit Rises 0.6%; Exports Gain (Update3)   Tue Mar 11, 2008 11:14 pm

By Shobhana Chandra

March 11 (Bloomberg) -- The U.S. trade deficit was smaller than forecast in January as a weaker dollar propelled gains in exports that will prevent a deeper economic slowdown, while oil imports jumped to a record.
The gap grew 0.6 percent to $58.2 billion from a revised $57.9 billion in December that was narrower than previously estimated, the Commerce Department said today in Washington. Overseas demand increased 1.6 percent to the highest level ever.
The slump in the U.S. currency and sales in overseas markets including Asia may avert a deeper decline at American factories as escalating job losses hurt consumer spending. Exports are one of the few bright spots remaining in an economy that is heading toward, or may already be, in a recession.
``Trade is shaping up to be one of the few drivers of growth this year,'' said Sal Guatieri, a senior economist at BMO Capital Markets in Toronto, who forecast a deficit of $58 billion. ``Exports are remaining very strong because of the weak U.S. dollar and continuing healthy global demand.''
The trade gap was estimated to widen to $59.5 billion, from an initially reported $58.8 billion in December, according to the median forecast in a Bloomberg News survey of 71 economists. Deficit projections ranged from $57.5 billion to $62.4 billion.
After the report, the dollar rose versus the yen and was little changed against the euro. Separately, the U.S. Federal Reserve said it will hold auctions to lend as much as $200 billion in Treasury securities and increase swap lines with two foreign central banks to try to ease renewed turmoil in credit markets.
Exports, Imports
Exports climbed to a record $148.2 billion as sales of corn, refined petroleum products, computers and pharmaceutical preparations strengthened. Imports increased 1.3 percent to $206.4 billion, also the highest ever.
Imports rose as purchases of crude oil jumped, reflecting increases in the number of barrels bought and a record price of $84.09.
Excluding petroleum, the $32.1 billion trade gap was the smallest since October 2002. The oil deficit exceeded the non- petroleum shortfall for the first time since 1992.
Demand for foreign-made consumer goods slumped reflecting the slowdown in U.S. economic growth. Purchases of televisions, clothing, appliances and toys dropped.
Demand for capital equipment, such as computers and machinery, made overseas also fell.
The trade gap with China, which in 2007 passed Canada to become the U.S.'s largest source of imported goods, increased to $20.3 billion from $18.8 billion in the prior month.
GDP Outlook
After eliminating the influence of prices, which are the numbers used to calculate gross domestic product, the trade deficit widened to $49.4 billion from $49 billion in December.
The narrower than previously estimated December gap may prompt economists to revise up projections for fourth-quarter growth. The price-adjusted deficit in January was smaller than the average for the last three months of 2007, indicating trade may again contribute to GDP.
The trade gap narrowed to an annualized $506.8 billion in the fourth quarter, adding 0.9 percentage point to growth. Excluding the improvement in trade, the economy would have shrunk at a 0.3 percent annual pace, the first decline since 2001, when the U.S. was last in a recession.
`Cushioning' Weakness
``Trade is on track to continue cushioning the unfolding weakness in U.S. economic activity,'' economists at Goldman Sachs Group Inc. in New York, wrote in a note to clients. Goldman forecasts trade will contribute a percentage point to growth from January through March.
Higher fuel costs are making imports more expensive. Crude oil prices surpassed $100 a barrel on the New York Mercantile Exchange in January for the first time and exceeded $108 yesterday.
Exports are getting a lift from the weaker dollar, which makes American-made goods less expensive for overseas buyers. The dollar has declined about 10 percent over the past year against a trade-weighted basket of currencies from major U.S. trading partners, Federal Reserve data show.
Asian economies are buying more U.S. aircraft and industrial engines. Boeing Co., the second-largest U.S. defense contractor, last month said it plans to sell 50 helicopters to India and Malaysia this year as the two nations boost defense spending.
Caterpillar Inc., the world's largest maker of bulldozers and excavators, said overseas sales contributed to a 20 percent jump in exports of machinery and engines last year.
Foreign Investment
``What is driving it is the strength of the global mining industry, the global oil-and-gas industry and the emerging markets,'' Caterpillar Chief Executive Officer Jim Owens said in an interview on Feb. 14. ``They are investing now in big infrastructure projects and expanding mining capacity.''
The trade gap with China remains a political issue. Group of Seven policy makers in February urged China to allow its currency, the yuan, to climb against the dollar and other currencies.
Treasury Secretary Henry Paulson, answering questions after a speech in Chicago on Feb. 29, said while Chinese officials ``have been appreciating their currency much more recently,'' they are ``not ready to float'' the yuan. China ``should move faster,'' he said.
To contact the reporters on this story: Shobhana Chandra in Washington at
Back to top Go down
View user profile
U.S. January Trade Deficit Rises 0.6%; Exports Gain (Update3)
Back to top 
Page 1 of 1
 Similar topics
» What is the tourist arrival for January 2012 ?
» Exports Rebound but Trade Gap Widens
» Q1 budget deficit 2.8% of GDP Target for full year 6.2% of GDP
» Trade between India - Sri Lanka sees a huge drop - Indian envoy
» Sri Lanka, South Asian can benefit from free trade, education

Permissions in this forum:You cannot reply to topics in this forum
Forex 3333 investment :: Free Advertise :: Post All Free Advertise-
Jump to: