wrapper

Australian Trade Balance deficit narrowed in January

Thursday, Mar 03 2016
In trend terms, the balance on goods and services was a deficit of $3,364m in January 2016, an increase of $133m (4%) on the deficit in December 2015. In seasonally adjusted terms, the balance on goods and services was a deficit of $2,937m in January 2016, a decrease of $587m (17%) on the deficit in December 2015. Analysts were expecting deficit of $3,220m.
In seasonally adjusted terms, goods and services credits rose $266m (1%) to $25,549m. Non-rural goods rose $184m (1%) and non-monetary gold rose $126m (10%). Rural goods fell $39m (1%) and net exports of goods under merchanting fell $2m (14%). Services credits fell $2m. 
 
In seasonally adjusted terms, goods and services debits fell $320m (1%) to $28,487m. Intermediate and other merchandise goods fell $92m (1%), capital goods fell $83m (2%), consumption goods fell $81m (1%) and non-monetary gold fell $37m (10%). Services debits fell $28m.
 
Aussie is currently being traded around 0.7320 area. Pair is likely to find support around 0.7250 handle and resistance above 0.7380 level. Later today, in the US session,  Unemployment Claims and Non-Manufacturing figures are scheduled for a release.
More in this category: « Private sector employment surprisingly increased by 214,000 jobs Spanish Services PMI fell, but remains solid »

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.