Australia International Trade in Goods and Services, Oct 2017 | Forex Factory

  • Australia International Trade in Goods and Services, Oct 2017

    From abs.gov.au

    OCTOBER KEY POINTS BALANCE ON GOODS AND SERVICES • In trend terms, the balance on goods and services was a surplus of $644m in October 2017, a decrease of $112m on the surplus in September 2017. • In seasonally adjusted terms, the balance on goods and services was a surplus of $105m in October 2017, a decrease of $1,499m on the surplus in September 2017. CREDITS (EXPORTS OF GOODS AND SERVICES) • In seasonally adjusted terms, goods and services credits fell $903m (3%) to $31,871m. Non-rural goods fell $1,074m (5%) and rural goods fell $85m (2%). • Non-monetary gold rose $362m (24%) and net exports of goods ... (full story)

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lasty
Dec 6, 2017 7:06pm
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Australian economy is stuffed .. end of.

Rates aren't going higher .. wages are stagnant and any hikes with interest rates will tip this place into a massive recession .
A$ is heading south .. back to the 60's
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Fush n Chups
Dec 6, 2017 7:01pm
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Quoting Guest
The data is correct. If you see the actual gdp in sep 0.8 which was also forecasted. But it's been adjusted now as 0.9 So this time instead of 0.7 actual changed to 0.6. Anyway compare 0.6 to last December actual gdp -0.5 aussie improved a lot. Even in jun 2017 it was 0.3. Market leaders use these indicators to manipulate market. A$ expected to reach 83 in 2018 and rate increases on the way. Use these indicators only for a short term trading. Good luck 😊👍
Not sure where this "guest" is? maybe a typo..heading to 73 not 83? 2018 is only a few days away. I think I will stick with my shorts...after all it is summer!! Back to longs for winter!
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fxprincess
Dec 6, 2017 7:12pm
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I agree. Our economy has not experienced a financial crisis for over 25 years, it will happen, and it's inevitable.
House of cards- by Matt Barrie is a very informative read on the Australian economy. If anyone wishes to research further
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dab
Dec 6, 2017 8:42pm
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Quoting Guest
{quote} I am in Adelaide. It's not a typo and not my predictions. It's the prediction by major banks in australia. Look at the link below. I have seen such posts in various sites. Also look at monthly/yearly chart and candlestick patterns. It's true by 2020 AUD might hit 65 or even 60 cents. But in 2018 it's going high before heading south. After all it's forex market. It never goes one way. 😊 https://www.thecurrencyshop.com.au/guides/australian-dollar-aud-forecast
Nice link as it can be interesting what the big banks think but PLEASE don't take it as gospel. eg
1. CBA upgraded their forecast 3 times this year (my guess - constant revisions mean changing circumstances making original and previously revised forecasts inaccurate)
2. Bank forecasts for end of next year vary from 70c to 85c (if there was any accuracy why such a large range)
3. I'm guessing the 83c in your first post is from ANZ forecast for middle of next year. Keep in mind ANZ have revised during this year and forecasted 82c for end of this year (short of the FED announcing massive new QE instead of possibly raising rates at next meet, 82c won't happen anytime soon and certainly not by end of year)
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Not-KPMG
Dec 6, 2017 9:27pm
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You guys believe banks????
Politicians???

LOL.

Where the banks get profit, if not lying to small retail traders????
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lasty
Dec 6, 2017 9:27pm
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Quoting Fush n Chups
@lasty .... so did you mean 1960's! lol
1760's still undiscovered ...
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XuMar
Dec 6, 2017 9:51pm
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Price needs retracement if they want to drop more
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Fush n Chups
Dec 6, 2017 7:23pm
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@lasty .... so did you mean 1960's! lol
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Fush n Chups
Dec 7, 2017 1:39am
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Nothing would make my day more than some monster price action next year....and every year for that matter. 60 to 85 that is a shut load of Price Action. Let me at it...
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Trader#A14A
Dec 6, 2017 8:00pm
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Quoting Fush n Chups
{quote} Not sure where this "guest" is? maybe a typo..heading to 73 not 83? 2018 is only a few days away. I think I will stick with my shorts...after all it is summer!! Back to longs for winter!
I am in Adelaide. It's not a typo and not my predictions. It's the prediction by major banks in australia. Look at the link below. I have seen such posts in various sites. Also look at monthly/yearly chart and candlestick patterns. It's true by 2020 AUD might hit 65 or even 60 cents. But in 2018 it's going high before heading south. After all it's forex market. It never goes one way. 😊

https://www.thecurrencyshop.com.au/guides/australian-dollar-aud-forecast
Reply
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