The typical/expected impact on AUD pairs is high.
The consensus forecast for Trade Balance (MoM) is 14000M. A higher value than forecast tends to be bullish for AUD/xxx pairs and bearish for xxx/AUD pairs.
Higher numbers than forecast tend to be bullish for AUD/xxx pairs and bearish for xxx/AUD pairs.
(A summary of the historic trading range after each event is not available for Trade Balance (MoM). Please check the candle charts instead.)
The trading range of AUDUSD was pips following the most recent Trade Balance (MoM).
The most recent announced value for Trade Balance (MoM) was 15269M against a forecast of 12650M.
Recent economic data has been moderately bearish for AUD. Other recent announcements which may affect the market's interpretation of the next Trade Balance (MoM) result:
|Gross Domestic Product (QoQ)||Bearish change||0.6%||0.2%|
|Gross Domestic Product (YoY)||Bearish change||2.6%||2.3%|
|AiG Industry Index||Bullish change||-20.1||-10.9|
|RBA Interest Rate Decision||Bullish change||3.85%||4.1%|
|S&P Global Services PMI||Bullish change||51.8||52.1|
|Building Permits (MoM)||Bearish change||-1%||-8.1%|
|Retail Sales s.a. (MoM)||Bearish change||0.4%||0%|
|Source:||Australian Bureau of Statistics|
|Canada||International Merchandise Trade|
|China||Trade Balance USD|
|China||FDI - Foreign Direct Investment (YTD) (YoY)|
|Germany||Trade Balance s.a.|
|Japan||Merchandise Trade Balance Total|
|Japan||Current Account n.s.a.|
|New Zealand||Trade Balance NZD (YoY)|
|United States||Goods and Services Trade Balance|
The value of Trade Balance (MoM) has been announced.