wrapper

Australian Trade Balance deficit narrowed less than expected

Tuesday, May 05 2015
In seasonally adjusted terms, Australian balance on goods and services was a deficit of $1,322m in March 2015, a decrease of $287m (18%) on the deficit in February 2015. Analysts were forecasting narrowing of deficit to 0.98 billion dollars. This miss to meet the expectations was largely due to sagging prices for iron ore and coal exports.
 
 
Goods and services credits fell $415m (2%) to $27,217m. Non-rural goods fell $393m (2%) and rural goods fell $81m (2%). Non-monetary gold rose $18m (1%). Net exports of goods under merchanting remained steady at $34m. Services credits rose $42m (1%). On the other hand goods and services debits fell $702m (2%) to $28,539m. Intermediate and other merchandise goods fell $385m (4%), capital goods fell $238m (4%) and consumption goods fell $208m (3%). Non-monetary gold rose $14m (4%). Services debits rose $115m (2%). 
 
Data did not have major impact on the markets which were awaiting for RBA interest rate decision. Aussie is currently being traded few points above 0.79 handle. Pair is likely to find support around 0.7850 area and resistance above 0.7950 level. Later today, in the US session, Trade Balance and Non-Manufacturing PMI figures are scheduled for a release.
More in this category: « Sterling little changed in a quite Monday's session RBA cuts its interest rate »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.