Washington began to pass tax reform legislation on Thursday which will help corporate America. Wall Street produced gains on the news. Italian Trade Balance numbers will be published today, and housing sector statistics will come from the States with Building Permits data.Read More »
|Sunday, Nov 19|
||Trade Balance (YEN)||med||670.2B||
Trade Balance, Also referred to as “international trade balance”, is the difference between country’s import and export, over a period of a year. Balance of trade is the largest component of a country’s balance of payments. Debit items include imports, foreign aid, domestic spending abroad and domestic investments abroad. Credit items include exports, foreign spending in the domestic economy and foreign investments in the domestic economy. A country has a trade deficit if it imports more than it exports; the opposite scenario is a trade surplus. A positive balance means that exports exceed imports, a negative one means the opposite. Positive trade balance illustrates high competitiveness of country’s economy.
The U.S Dollar has continued to give back value in forex as the Yen, Euro and Pound have made gains. Gold has added value and is battling important resistance. A speculative market awaits traders before going into the weekend.Read More »