- Real Time Charts
- Forex Charts
- Futures Charts
- Stocks Charts
- Indices Charts
Feb 13, 2012 12:46AM GMT
New York London Tokyo
Australian Trade Balance Posts Higher Than Expected
By LFB Forex | Forex News | Dec 04, 2008 01:22AM GMT
LFB Forex
Release Explanation: The trade balance figure is simply the difference between the amount of export and imports of Australian goods and services for the reported month with Australia and other foreign trade partners. Subsequently, when exports are greater than imports, or positive net exports, a trade surplus is created. However, when imports are greater than exports, a deficit is created. Simply put, here, there is more money leaving the country than actually coming in. As a result, the report is taken into heavy consideration as it indicates flow of goods and services and stand as one of the biggest components of the Balance of Payments report.
Trade Desk Thoughts: Australia has posted a higher than expected trade balance for the month of October. In seasonally adjusted terms, the surplus was 2.952 billion; this is an increase of 1.698 billion from September's revised figure. This was mainly due to the strong rise seen in goods and services exports, primarily in the non-rural and other goods components. The largest rise seen in the consumption goods component was textiles, clothing, and footwear which increased 12 percent. In all the provinces, Western Australia was once again the highest exporter with its significant mining and natural resources. For imports though, New South Wales, Victoria, and Queensland were ahead of Western Australia.
Trade Desk Thoughts: Australia has posted a higher than expected trade balance for the month of October. In seasonally adjusted terms, the surplus was 2.952 billion; this is an increase of 1.698 billion from September's revised figure. This was mainly due to the strong rise seen in goods and services exports, primarily in the non-rural and other goods components. The largest rise seen in the consumption goods component was textiles, clothing, and footwear which increased 12 percent. In all the provinces, Western Australia was once again the highest exporter with its significant mining and natural resources. For imports though, New South Wales, Victoria, and Queensland were ahead of Western Australia.
Forex Technical Reaction: The Australian dollar has been rejected from the LFB R1 level in earlier trade and is looking to find a base just above the neutral pivot point at .6455.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
CFDs Quotes
| SPX 500 Futures | 1344.45 | +3.95 | +0.29% | |||
| NQ 100 Futures | 2556.10 | +7.60 | +0.30% | |||
| US 30 | 12801.23 | -89.23 | -0.69% | |||
| DAX | 6692.96 | -95.84 | -1.41% | |||
| UK 100 | 5852.39 | -43.08 | -0.73% | |||
| Japan 225 | 8970.50 | +23.33 | +0.26% | |||
| US Dollar Index | 79.06 | -0.05 | -0.06% |
CFDs Quotes
| Gold | 1723.85 | -1.45 | -0.08% | |||
| Silver | 33.585 | -0.019 | -0.06% | |||
| Copper | 3.876 | +0.014 | +0.35% | |||
| Crude Oil | 99.49 | +0.46 | +0.46% | |||
| Natural Gas | 2.429 | -0.048 | -1.92% | |||
| US Cotton No.2 | 91.03 | +0.65 | +0.72% | |||
| US Coffee C | 218.60 | +0.00 | +0.00% |
CFDs Quotes
| Euro Bund | 138.66 | +1.41 | +1.03% | |||
| Italian Govt. B. | 102.45 | -1.63 | -1.57% | |||
| Euro BOBL | 125.23 | +0.71 | +0.57% | |||
| UK Gilt | 115.78 | +1.13 | +0.99% | |||
| US 2 YR T-Note | 110.26 | -0.02 | -0.02% | |||
| US 10 YR T-Note | 131.21 | +0.00 | +0.00% | |||
| US 30 YR T-Bond | 142.49 | +0.06 | +0.04% |
Recent Activity
Sponsored Links
- 50% Bonus with 4XP and ForexProsEnjoy the best offer in the forex market
a massive 50% bonus from 4XP and ForexPros - You don't need to be an expert to trade like oneEasy To Use Platform. Tight Spreads No Commissions. Free Demo Account.
- Even beginners can trade like expertsFree Trading Course & Demo Account. Multiple Trading Systems Available.