Australian Trade Balance for June: AUD 1873m Surplus (vs. expected surplus 900m)

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A big best of estimates for the trade surplus

✅ expected surplus 900m AUD

✅ previous was 827m AUD surplus

✅ Exports +3.0% m/m (prior +4.0%)  

✅ Imports -1.0%m/m (prior +3.0%)

Imports had been expected to show some give back after a big May result. Check. 

Exports had been expected to remain on the strong side … and they’ve delivered. 

‘Net exports’ (in a nutshell exports minus imports) are added into the GDP data. This data today is for June month, so it will feed into Q2 GDP as a substantial positive. We get Q2 GDP data not until September 5th, but keep this result in mind if I get too bearish on it, K?    

For background to this data release:

✅ AUD data due soon – trade balance preview

✅ AUD traders – preview of trade balance data due soon

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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