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Australian Trade Balance

Coming up later tonight, or early tomorrow depending on where you are, we have the first major bit of economic data out of Australia for the year.

A better than expected trade balance might be what the market needs to reverse the downslope in the AUDUSD so far this month.

The trade balance is also key given the weakness in commodity prices lately, despite the green shoots on the trade front.

Initial optimism about the US and China reaching a deal ahead of the holidays has turned into a bit of impatience. The two leaders have yet to actually sign the deal.

While the markets, so far, seem to generally not care about the tensions in the Middle East, it might be a distraction that could further delay a trade deal. And that wouldn’t help the case for Aussie strength.

Test your strategy on how the AUD will fare with Orbex - Open Your Account Now. 

What We Are Looking For

The headline number that is likely to move the market immediately is the Trade Balance. 

Expectations are for this t...


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To keep reading this article, please navigate to: Orbex Forex Trading Blog.

This article was first published on Orbex Forex Trading Blog.
- -
This content is synced from the rightful owners. Copyright on text and images belong to the original source.
- -

Australian Trade Balance

Coming up later tonight, or early tomorrow depending on where you are, we have the first major bit of economic data out of Australia for the year.

A better than expected trade balance might be what the market needs to reverse the downslope in the AUDUSD so far this month.

The trade balance is also key given the weakness in commodity prices lately, despite the green shoots on the trade front.

Initial optimism about the US and China reaching a deal ahead of the holidays has turned into a bit of impatience. The two leaders have yet to actually sign the deal.

While the markets, so far, seem to generally not care about the tensions in the Middle East, it might be a distraction that could further delay a trade deal. And that wouldn’t help the case for Aussie strength.

Test your strategy on how the AUD will fare with Orbex - Open Your Account Now. 

What We Are Looking For

The headline number that is likely to move the market immediately is the Trade Balance. 

Expectations are for this t...


--
To keep reading this article, please navigate to: Orbex Forex Trading Blog.