Australia’s second quarter (Q2) trade surplus was almost A$20bn, a record high equating to 4% of GDP and a key driver of economic growth in the quarter, as noted by analysts at Westpac. Today, we have the first reading for Q3, where another very large surplus was expected for July – (AUD bullish). The data arrived as follows: AUD 7.268bn (vs the expected AUD7bn surplus – AUD bullish) But, prior was AUD 8.036bn surplus (Not so bullish). About the trade balance The trade balance released by the Australian Bureau of Statistics is the difference in the value of its imports and exports of Australian goods. Export data can give an important reflection of Australian growth, while imports provide an indication of domestic demand. Trade Balance gives an early indication of the net export performance. If a steady demand in exchange for Australian exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the AUD. Review Alex Nekritin’s Article – Trading the Aussie with Australia Trade Balance 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 AUD/JPY rises to 3-week high after Australia’s trade balance data FX Street 4 years Australia's second quarter (Q2) trade surplus was almost A$20bn, a record high equating to 4% of GDP and a key driver of economic growth in the quarter, as noted by analysts at Westpac. Today, we have the first reading for Q3, where another very large surplus was expected for July - (AUD bullish). The data arrived as follows: AUD 7.268bn (vs the expected AUD7bn surplus - AUD bullish) But, prior was AUD 8.036bn surplus (Not so bullish). About the trade balance The trade balance released by the Australian Bureau of Statistics is the difference in the value of its… 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.
