Separate report showed that in seasonally adjusted terms, the balance on goods and services was a deficit of $2,163m in March 2016, a decrease of $881m (29%) on the deficit in February 2016, below expected deficit of $2.950m. Goods and services credits rose $1,084m (4%) to $26,529m, while goods and services debits rose $203m (1%) to $28,692m. goods and services credits rose $1,084m (4%) to $26,529m. goods and services debits rose $203m (1%) to $28,692m.
In the US session Unemployment Claims figures were released. In the week ending April 30, the advance figure for seasonally adjusted initial claims was 274,000, an increase of 17,000 from the previous week's unrevised level of 257,000. The 4-week moving average was 258,000, an increase of 2,000 from the previous week's unrevised average of 256,000. This marks 61 consecutive weeks of initial claims below 300,000, the longest streak since 1973. The advance seasonally adjusted insured unemployment rate was 1.5% for the week ending April 23, a decrease of 0.1 percentage point from the previous week's unrevised rate.
There will be no data releases from Australia tomorrow. In the US session, NFP figures will be published. Analysts are anticipating increase by 203,000, while Unemployment Rate should remain unchanged at 5.0%.
Figures to watch:
Non-Farm Employment Change/Unemployment Rate (Friday 14:30)
