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Japan December trade balance data due today — preview 2

I posted a preview a little earlier: Japan December trade balance data due today — preview This now via HSBC: Japan’s trade surplus fell sharply in November, as the rising cost of oil and smartphone imports outweighed strong exports of cars and steel. However, we expect the December prints to be much muted, partly because […]

Japan December trade balance data due today — preview

After the surprise trade surplus in November expectations are for another today  Trade balance: expected Y 535.0bn, prior was Y 112.2bn Trade balance (adjusted): expected Y 276.7bn, prior was Y 364.1bn Exports y/y: expected +10.0%, prior was +16.2% Imports y/y: expected +12.4%, prior was +17.2% November was the sixth consecutive trade surplus month and exports […]

S&P and Nasdaq close at record levels.

The Dow ends the day lowerThe S&P and NASDAQ indices are ending the day at yet another record level. The S&P index is closing up 6.16 points or 0.22% at 2839.13 The NASDAQ index is closing up 52.25 points or 0.71% at 7460.289 The Dow is ending the day down -3.79 points were -0.01%. The […]

USDCAD trades to new session lows.

NAFTA hopes.  Higher oil. Trying the downside again.There is a lot of chop in the USDCAD chart, but the pair is trading at new session lows, and is trying to turn the tide to a more bearish bias.  Helping the cause includes: Oil is up $1.17 or 1.84% Hope that current round of NAFTA talks will […]