Trading news

Expert's opinion from FXFinPro

Australia's trade deficit disappointed investors

Today was published statistics on the trade balance in Australia, according to which, the deficit totaled 3.31 billion in October, against 2.40 in September. The median forecast was at 2.61 billion. Exports in the country fell by 3.0%, while imports remained virtually unchanged. Despite this, the Australian dollar is supported by improved expectations about the economy in the near future, as well as GDP growth in the third quarter by 0.9%. In the coming days volatility will be increased, and we may see a drop in prices on the background of a stronger US dollar. Our medium-term outlook remains negative with a potential drop to 0.7000 and 0.6800, despite the recent growth.

More detailed analytics you can see at our site https://fxfinpro.com/en/analytics

 

Thursday, 03 Dec, 2015 / 11:10

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news

 

Oil Hits A 9 Month High

Oil Boosted By Better Risk Sentiment Crude prices have enjoyed a strong rally [...]

Posted on Thursday, 26 Nov, 2020 / 11:39 under

Sunak Announces Historical Borrowing

Dollar Keeps Falling from Grace The US index sank by 0.12% on Wednesday as it [...]

Posted on Thursday, 26 Nov, 2020 / 11:38 under

Weak Economic Data supported higher prints – GOLD Market Outlook – 26/11/2020

Gold hit our long entry resistance target at 1815, bouncing off the 1800 [...]

Posted on Thursday, 26 Nov, 2020 / 10:03 under