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Australia Exports MoM
Australia is a big exporter of commodities due to its abundance of natural resources. Metallic ores and scrap metal contribute for 29% of total exports, coal, coke, and briquettes account for 15%, and natural gas accounts for 7%. Australia also exports food and live animals (14%) with meat (5%) and cereal (4%) being the main exports in this sector; manufactured products (6%), mostly non-ferrous metals (4%); and machinery and transport equipment (6%). China is Australia's most important export market (accounting for 32% of overall exports), followed by Japan (16%), South Korea (7%), the United States (5%), India (4%), New Zealand (3%), Singapore (3%), and Taiwan (3%).
A higher than expected figure should be seen as positive (bullish) for the AUD while a lower than expected figure should be seen as negative (bearish) for the AUD.
Forex Sentiment (AUD)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| EURAUD |
|
|
1.7240 -677 pips |
1.7970 -53 pips |
1.79170 | |
| AUDCAD |
|
|
0.8849 -103 pips |
0.8968 -16 pips |
0.89524 | |
| AUDJPY |
|
|
93.3150 -236 pips |
96.3483 -68 pips |
95.672 | |
| AUDNZD |
|
|
1.0844 -52 pips |
1.0911 -15 pips |
1.08955 | |
| AUDUSD |
|
|
0.6401 -134 pips |
0.6599 -64 pips |
0.65350 | |
| AUDCHF |
|
|
0.5291 +94 pips |
0.5509 -312 pips |
0.51967 | |
| GBPAUD |
|
|
2.0143 -642 pips |
2.0957 -172 pips |
2.07852 | |
| AUDSGD |
|
|
0.9081 +712 pips |
0.8844 -475 pips |
0.83693 | |
| XAUAUD |
|
|
5057.0417 -536 pips |
5094.2240 -3182 pips |
5,062.40 | |
| XAGAUD |
|
|
44.7419 -1073 pips |
56.5215 -105 pips |
55.470 |
News (AUD)
Australia Building Permits Climb 3.2% On Month In May
The total number of building permits issued in Australia was up a seasonally adjusted 3.2 percent on month in May, the Australian Bureau of Statistics said on Wednesday - coming in at 15,212.
RTTNews | 17h 20min ago
Australia Central Bank Unexpectedly Maintains Status Quo
The Reserve Bank of Australia adopted a wait-and-see approach on Tuesday, defying expectations for a quarter-point rate cut but confirmed that an easing cycle is coming. The policy board, governed by Michele Bullock, decided to hold the cash rate target at 3.85 percent. A majority of six members voted to hold the rate, while three members sought a change from 3.85 percent.
RTTNews | 1 day ago
Australia Manufacturing Sector Ebbs In June - S&P Global
The manufacturing sector in Australia continued to expand in June, albeit at a slower pace, the latest survey from S&P Global showed on Tuesday with a manufacturing PMI score of 50.6.
RTTNews | 8 days ago
