AUD/USD - CNY trade balance figure confusion | Forex Factory

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AUD/USD - CNY trade balance figure confusion

  • #1
  • First Post: Oct 12, 2014 10:56pm Oct 12, 2014 10:56pm
The CNY trade balance came in .8 billion lower (Shown in red) in the chart today. I'm confused why this was a positive for China and therefor the AUD
  • #2
  • Oct 13, 2014 8:27pm Oct 13, 2014 8:27pm
You might find more color in this recent thread.
I'm not trying to convince anyone. I'm not in the "convincing" business.
  • #3
  • Oct 14, 2014 3:34am Oct 14, 2014 3:34am
Quoting SRFrancis
The CNY trade balance came in .8 billion lower (Shown in red) in the chart today. I'm confused why this was a positive for China and therefor the AUD
Trade Balance was lower because Imports (iPhone story) were higher than expected. Exports were up a lot, which was the big positive news. Exports-Imports=Trade Balance. There's always more to that data than the figure released! Decipher how the market is going to trade it.

China’s Exports Buoy Growth as IPhone Inflates Imports
http://www.bloomberg.com/news/2014-1...-downturn.html
Quote
Exports increased 15.3 percent from a year earlier, the biggest increase since February 2013 and beating the 12 percent median estimate in a Bloomberg survey of analysts. Imports rose 7 percent, against projections for a 2 percent decline, leaving a trade surplus of about $31 billion, data from the Beijing-based customs administration today showed.
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  • #4
  • Last Post: Oct 14, 2014 12:08pm Oct 14, 2014 12:08pm
Hi, SRFrancies!

Have a look to my Thread to understand a little bit better the Trade Balance: http://www.forexfactory.com/showthread.php?p=7798409

Kind regards,
MarketFox.-
Trade, don't bet.
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