ramkumar1992
America's Oil Trade Deficit Shrinks To Its Lowest Level In 10 Years
The US trade deficit unexpectedly narrowed in August as the oil deficit fell to a ten-year low.
In August, the trade deficit was $40.1 billion, down from $40.3 billion in July, and below expectations for $40.8 billion.
Exports rose to a record $198.5 billion, according to the latest Balance of Trade report from the Census Bureau.
Bloomberg's Victoria Stilwell noted that the trade deficit fell to its lowest level in seven months, while exports rose to a new record.
Petroleum exports in August rose to $6.05 billion from $5.9 billion in July, while year-to-date petroleum exports are up to $4.8 billion over last year. Stilwell noted that the petroleum deficit shrank to $13.1 billion in August, the smallest since July 2004.
In a note following the report, Ian Shepherdson at Pantheon Macro said, "In one line: Flattered by oil exports but trade will make a hefty contribution to Q3 GDP growth."
Shepherdson added that overall, net trade will add to GDP growth in Q3 and still sees Q3 GDP coming in at 3.5%.
The trade report on Friday was somewhat overshadowed by the latest jobs report, which showed that nonfarm payrolls grew by 248,000 in September as the unemployment ate fell below 6% for the first time in more than six years.
Overall though, a strong morning for the US economy as US trade looks strong and the labor market continues to recover.
The US trade deficit unexpectedly narrowed in August as the oil deficit fell to a ten-year low.
In August, the trade deficit was $40.1 billion, down from $40.3 billion in July, and below expectations for $40.8 billion.
Exports rose to a record $198.5 billion, according to the latest Balance of Trade report from the Census Bureau.
Bloomberg's Victoria Stilwell noted that the trade deficit fell to its lowest level in seven months, while exports rose to a new record.
Petroleum exports in August rose to $6.05 billion from $5.9 billion in July, while year-to-date petroleum exports are up to $4.8 billion over last year. Stilwell noted that the petroleum deficit shrank to $13.1 billion in August, the smallest since July 2004.
In a note following the report, Ian Shepherdson at Pantheon Macro said, "In one line: Flattered by oil exports but trade will make a hefty contribution to Q3 GDP growth."
Shepherdson added that overall, net trade will add to GDP growth in Q3 and still sees Q3 GDP coming in at 3.5%.
The trade report on Friday was somewhat overshadowed by the latest jobs report, which showed that nonfarm payrolls grew by 248,000 in September as the unemployment ate fell below 6% for the first time in more than six years.
Overall though, a strong morning for the US economy as US trade looks strong and the labor market continues to recover.
· 3
ramkumar1992
America's Oil Trade Deficit Shrinks To Its Lowest Level In 10 Years
The US trade deficit unexpectedly narrowed in August as the oil deficit fell to a ten-year low.
In August, the trade deficit was $40.1 billion, down from $40.3 billion in July, and below expectations for $40.8 billion.
Exports rose to a record $198.5 billion, according to the latest Balance of Trade report from the Census Bureau.
Bloomberg's Victoria Stilwell noted that the trade deficit fell to its lowest level in seven months, while exports rose to a new record.
Petroleum exports in August rose to $6.05 billion from $5.9 billion in July, while year-to-date petroleum exports are up to $4.8 billion over last year. Stilwell noted that the petroleum deficit shrank to $13.1 billion in August, the smallest since July 2004.
In a note following the report, Ian Shepherdson at Pantheon Macro said, "In one line: Flattered by oil exports but trade will make a hefty contribution to Q3 GDP growth."
Shepherdson added that overall, net trade will add to GDP growth in Q3 and still sees Q3 GDP coming in at 3.5%.
The trade report on Friday was somewhat overshadowed by the latest jobs report, which showed that nonfarm payrolls grew by 248,000 in September as the unemployment ate fell below 6% for the first time in more than six years.
Overall though, a strong morning for the US economy as US trade looks strong and the labor market continues to recover.
The US trade deficit unexpectedly narrowed in August as the oil deficit fell to a ten-year low.
In August, the trade deficit was $40.1 billion, down from $40.3 billion in July, and below expectations for $40.8 billion.
Exports rose to a record $198.5 billion, according to the latest Balance of Trade report from the Census Bureau.
Bloomberg's Victoria Stilwell noted that the trade deficit fell to its lowest level in seven months, while exports rose to a new record.
Petroleum exports in August rose to $6.05 billion from $5.9 billion in July, while year-to-date petroleum exports are up to $4.8 billion over last year. Stilwell noted that the petroleum deficit shrank to $13.1 billion in August, the smallest since July 2004.
In a note following the report, Ian Shepherdson at Pantheon Macro said, "In one line: Flattered by oil exports but trade will make a hefty contribution to Q3 GDP growth."
Shepherdson added that overall, net trade will add to GDP growth in Q3 and still sees Q3 GDP coming in at 3.5%.
The trade report on Friday was somewhat overshadowed by the latest jobs report, which showed that nonfarm payrolls grew by 248,000 in September as the unemployment ate fell below 6% for the first time in more than six years.
Overall though, a strong morning for the US economy as US trade looks strong and the labor market continues to recover.
· 3
ramkumar1992
The negotiation of a transatlantic free trade agreement between Canada and the EU (CETA) and between the USA and the EU (TTIP) is being complicated by the controversial question of investment protection...
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184
ramkumar1992
Roman Myravyev
Daniel Stein
What a wonderful morning...
Traded BLUEBALL TRADING SYSTEM correctly -http://deskipper.blogspot.ru/p/dear-customers-friends-and-interested.html
Торгуем BLUEBALL TRADING SYSTEM правильно - http://deskipper.blogspot.ru/2014/09/blueball-trading-system.html
If quality matters - Blueball IT
What a wonderful morning...
Traded BLUEBALL TRADING SYSTEM correctly -http://deskipper.blogspot.ru/p/dear-customers-friends-and-interested.html
Торгуем BLUEBALL TRADING SYSTEM правильно - http://deskipper.blogspot.ru/2014/09/blueball-trading-system.html
If quality matters - Blueball IT
1
ramkumar1992
shared author's --- article
SQL and MQL5: Working with SQLite Database 
This article is intended for developers who would be interested in using SQL in their projects. It explains the functionality and advantages of SQLite. The article does not require special knowledge of SQLite functions, yet minimum understanding of SQL would be beneficial.
· 1
ramkumar1992
shared author's MetaQuotes article
How to Prepare a Trading Account for Migration to Virtual Hosting 
MetaTrader client terminal is perfect for automating trading strategies. It has all tools necessary for trading robot developers ‒ powerful C++ based MQL4/MQL5 programming language, convenient MetaEditor development environment and multi-threaded strategy tester that supports distributed computing in MQL5 Cloud Network. In this article, you will find out how to move your client terminal to the virtual environment with all custom elements.
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ramkumar1992
Published post Interesting things Amazon chief said about India
The Amazon founder Jeff Bezos spoke about topics, both personal and professional, with an infectious wit. "I do the dishes at home to make sure that my wife continues to love me and the day I clean the table, it is true love back...
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133
ramkumar1992
Published post NSE extends deadline for providing client details to Oct 10
The National Stock Exchange (NSE) has asked its trading members to provide mobile numbers and e-mail addresses of their clients by October 10 to facilitate dissemination of instant trade alerts. This is the second extension given by the stock exchange...
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