AUD/USD traders struggle to justify the increase in trade surplus amid a big drop in imports. The US-China trade developments seem the key as the US markets are off today. In a reaction to mixed trade data from China, the AUD/USD pair takes the rounds to 0.6780 on early Monday. China’s trade numbers in the Chinese Yuan (CNY) terms showed that Trade Surplus expanded to CNY 280 billion in September from 239.6 billion flashed in August. Further details on the same format mention Exports declining -0.7% versus +2.6% prior while Imports plunging -6.2% against -2.6% earlier. Read: China’s Trade Surplus widened in September on big drop in Imports The Aussie traders fail to get a clear view of the Chinese trade situation while the overall sentiment remains upbeat considering the US-China trade deal. The latest developments surrounding the trade deal signal a tough road ahead for the US-China trade negotiators as no actual agreements have been signed that could have reversed the actions undertaken during the trade war. It should also be noted that China’s recent rejection of the United States (US) diplomat’s visa might turn the Trump administration against the dragon nation during the second round of talks. Investors may now await fresh clues concerning the trade deal after stage one is cleared. Technical Analysis Failure to rise above 50-day Exponential Moving Average (EMA), at 0.6800 now, highlights the importance of 0.6770, 0.6730 and 0.6700 supports. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Goldman Sachs sees limited upside in Yuan even after a partial trade deal – Bloomberg FX Street 4 years AUD/USD traders struggle to justify the increase in trade surplus amid a big drop in imports. The US-China trade developments seem the key as the US markets are off today. In a reaction to mixed trade data from China, the AUD/USD pair takes the rounds to 0.6780 on early Monday. China's trade numbers in the Chinese Yuan (CNY) terms showed that Trade Surplus expanded to CNY 280 billion in September from 239.6 billion flashed in August. Further details on the same format mention Exports declining -0.7% versus +2.6% prior while Imports plunging -6.2% against -2.6% earlier. Read: China's Trade Surplus… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
