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Dollar Decline

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The chairman and chief executive of the retail chain, Adrian Bellamy and Peter Saunders, are to continue running it under its new ownership. Mr Bellamy will receive more than 2m for his 3.4% stake. "As we can see from current trading, our customers continue to shop with us and buy our ethical products." The chain had warned on profits after it endured tough trading in Britain and America over Christmas, but that was partly offset by sales elsewhere.

Currency Day Trading The United Nations warns global imbalances, and the United States trade deficit in particular, will not be corrected by a rapidly falling dollar, contrary to many expectations.

Exporters enjoyed better fortunes in November, according to the latest figures. Thanks to UK firms shaking off the credit risk of selling goods and services abroad and winning new business, the UK trade deficit narrowed. The deficit on trade in goods and services dropped to á3.1 billion from á3.6 billion in October, while the goods deficit narrowed from á5 billion to á4.6 billion.

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The International Monetary Fund (IMF) has warned of a 'perfect storm' and its chief economist, Simon Johnson, said that projections for the European economy were 'too optimistic'. "The combination of the credit crunch and high oil prices could bring a big reduction in international trade from which no one would be immune, " Thisismoney reports him saying. HSBC has warned there will be less cash available for lending to consumers and predicted the Bank of England will lower interest rates.

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Forex Day Trading Jan 26, 2005 (AXcess News) Geneva - The United Nations warns global imbalances, and the United States trade deficit in particular, will not be corrected by a rapidly falling dollar, contrary to many expectations. In its annual report on the World Economic Situation and Prospects, the United Nations says strong global growth this year will depend on how the U.S. dollar and global imbalances unwind.

H Trade Balance Department of Commerce; The second week of each month, 30am EST, covers month before previous data The largest component of a country's balance of payments. The balance of trade measures difference between the value of goods and services that a nation exports and the value of goods and services that it imports. A country has a trade deficit if it imports more than it exports, and the opposite scenario is a trade surplus. It is considered as a very big market mover.

Financial In Market The UN report warns that the possibility of an abrupt and globally damaging downturn persists. It says a depreciation of the dollar alone is not enough to reduce the global imbalances to sustainable levels in an orderly fashion.

Stock Trading System UN economists explain the decline of the dollar is failing to bring about a correction because the US dollar is the main currency of global exchange.The chief editor of the UN report, Ian Kinniburgh, says the United States alone cannot correct the problem. He says both deficit and surplus countries have to take action to avoid recession in the world economy.

Day Trading Stock Tip "We believe there should be equal action taken elsewhere because if the action is focused on the United States, with the United States being the current engine of growth, if we slow down the United States in order to correct the imbalances in that country, it will have an overall global contraction, the contractionary impact," he said. "So, it needs to be countered by stimulus measures elsewhere."

Financial Forex Forex Software Mr. Kinniburgh says many US trading partners which have ballooning trade surpluses should take steps to correct the global imbalances. For instance, he says countries such as Japan, Western Europe and Asian developing countries could stimulate domestic consumption.Advertisement

Stock Market Trading Despite this downside, the report presents a generally upbeat assessment of the world economy. It says the world economy grew by four percent last year and is expected to increase by 3.25 percent in 2005. It notes the Chinese and US economies are jointly supporting global growth.

Day Lesson Stock Tip Trading While oil prices increased last year, it says the price hike was not as severe as that which occurred during the 1980s. The report notes Chinese demand, and a surging world economy, have reversed the longstanding decline in non-oil commodity prices. Mr. Kinniburgh says this has been very important for some of the poorer countries."These high non-oil commodity prices contribute to growth in these poorer countries essentially because they involve a transfer of income from the richer consuming countries, by and large richer, not universally, to some of the poorer countries," said Mr. Kinniburgh. "And, here we are thinking particularly of some of the African countries and in particular the mineral exporting countries. So, the increase in non-oil commodity prices has, in fact, been a plus for the developing countries."

Financial System Trading The report says stronger commodity markets helped boost economic growth in developing countries to five and one half percent last year, the strongest in two decades. It says African growth of four and one half percent in 2004 was fuelled by higher agricultural output, improved political stability and incoming donor support, as well as stronger commodity markets.

Day Trading Future Source: Voice of America

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