Forex Consulting

US December budget deficit at $23B vs $40B exp

December month budget statement – 2018 fiscal year-to-date deficit at $225B vs $217B in comparable 2017 – Outlays $349B vs $347B in Dec 2016 – Receipts $326B vs $319B in Dec 2016 Some good news on the deficit. Those revenues might be because of companies moving around gains/losses due to the tax plan. Copyright 2015 Forexlive.com

Forex Consulting

US initial jobless claims 261K verse 245K expectations

initial jobless claims higher-than-expected The claims data can be quirky around holidays and weather can have an impact. NJ and Pennsylvania were the largest gainers in the week.    Nevertheless the numbers have been trending more to the upside.  Store closing may also be more in play as losers from bad Christmas, see store closings. …

Forex Consulting

Audio recap: No love for the US dollar

An audio recap of trading so far today The US dollar had been trying to make a comeback this week, though efforts have fallen short. There just isn’t anything going on for the buck at the moment and the focus now shifts to Friday’s CPI and retail sales. Copyright 2015 Forexlive.com