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.
-556M Actual > -300M Consensus > 9M Previous
This is where I get a bit scared, so trade balance is down, down by more than anticipated, and the result is that the AUD/USD and AUD/JPY both dipped but are now showing stability. When this happens, I start to think either technical analysis is winning over fundamental analysis or that something is rotten in Denmark. Mind you, I'm hoping both pairs go up but I can't figure out why.
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