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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 14 4:00 PM EST

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To: articwarrior who wrote (30575)	10/19/1999 9:25:00 AM
From: Les H	Read Replies (1) of 99985

There's usually a lag between the weaker dollar and the lower deficits since goods are ordered months in advance as are the price set. The average price per barrel of oil in the last monthly trade report is still way below the current spot price, about $ 16-17 versus $ 22. The other reason is the correlation of the dollar to the US financial markets. As the dollar weakens, financial markets pull back and demand here slows. Trade improves next year.

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