We had an extremely bad current account deficit number this morning. Trade is going to be a very big focus this week. The huge number that we had for the fourth-quarter deficit brings it even more to the forefront because now we got clear structural deficiencies.
More Quotes from Kathy Lien:
At this point, the market is likely to consolidate and look to next week's trade balance and retail sales data to determine the direction of the pair for the near term.Kathy Lien
In our opinion, the market should be thankful that we avoided a possible surge in volatility which could have happened if President Bush picked a more unknown candidate.
Kathy Lien
Overall, the headline figures are solid. January inventory figures are still on the path for solid growth in the first quarter.
Kathy Lien
Trade data is a little better ... but I think the dollar rally should be limited as the prospects for the trade deficit still aren't very good.
Kathy Lien
We're not that anxious in terms of punishing the dollar ahead of the meeting.
Kathy Lien
Readers Who Like This Quotation Also Like:
Based on Topics: Business & Commerce Quotes, Morning QuotesI am persuaded that every time a man smiles - but much more so when he laughs - it adds something to this fragment of life.
Laurence Sterne
It is a good rule never to see or talk to the man whose words have wrung your heart, or helped it, just as it is wise not to look down too closely at the luminous glow which sometimes shines on your path on a summer night, if you would not see the ugly worm below.
Rebecca H. Davis
My talent for playing the drums was a gift from God.
Keith Thibodeaux