Trade data has not been a big market mover of late, but here are two things to consider when analyzing the data.
A smaller US trade deficit adds to the US GDP calculation while a larger deficit subtracts from it. A larger deficit is often seen by economists as a sign of US economic vigor in the near-term, a signal that consumption is improving, increasing demand for imports.
$ the December deficit is expected to widen slightly to -$48.0 bln from $47.8 bln in November.