U.S. Economic Calendar Event Update – May 14
These are the U.S. economic calendar events for Tuesday, May 14, 2013. All times are EST.
Export Prices ex-ag. for Apr are scheduled to be released at 8:30 AM. The prior period for Export Prices ex-ag. had a result of -0.2%. This event has a low effect on US markets.
Import Prices ex-oil for Apr are scheduled to be released at 8:30 AM. The prior period for Import Prices ex-oil had a result of -0.2%. This event has a low effect on US markets.
At the release of important events, US equity markets (INDEXSP:.INX) can make major moves. Be sure to keep an eye on S&P (NYSEARCA:SPY), Nasdaq (NYSEARCA:QQQ) and Dow Jones (NYSEARCA:DIA) at the time of announcements.
Here is some more information about the events discussion in this article.
Export Prices ex-ag.: Excluding aggriculture, this tracks price changes of U.S. export goods. The figure is used to determine whether a change in the headline Export figure is representative of an increase of goods sold to foreign nations or just an increase in the price of export goods. United States exports account for approximately a tenth of the nation’s GDP. The headline figure is the percentage change in the index from either the previous month or year.
Import Prices ex-oil: Excluding oil, this tracks changes in the prices paid for goods imported to the United States . The figure is significant in relation to the trade balance, the difference between the total value of exports and the total value of imports. A positive trade balance (surplus) acts as an appreciating weight on the dollar, reflecting demand for dollars in exchange for exports. Conversely, a negative value (deficit) puts downward pressure on the dollar’s value. Given such impacts, traders assess changes in import prices to gain insight on the trade balance. The Import Price Index becomes useful in determining whether a change in import volume has actually sprung from a higher foreign demand or from a real increase in prices for foreign goods. The US is a net importer nation, where imports a significant part of the nation’s GDP. Accordingly, a major price swing in foreign goods can have significant impact on the US inflation.
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Post Written By: Alex Fredricks
Alex Fredricks has a degree in business and is an avid day-trader. Alex’s experience and love for the game of the markets is shown not only in his posts, but the post he helps edit for other authors on our staff.
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