{"id":116253,"date":"2017-11-10T09:35:18","date_gmt":"2017-11-10T14:35:18","guid":{"rendered":"http:\/\/countingpips.com\/?p=116253"},"modified":"2018-06-01T15:53:26","modified_gmt":"2018-06-01T15:53:26","slug":"au200-technical-analysis-rising-trade-surplus-bullish-for-australian-stock-index","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/11\/au200-technical-analysis-rising-trade-surplus-bullish-for-australian-stock-index\/","title":{"rendered":"AU200: Technical Analysis – Rising trade surplus bullish for Australian stock index"},"content":{"rendered":"
November 10, 2017<\/div>
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By IFCMarkets<\/a><\/p>\n

Rising trade surplus bullish for Australian stock index<\/strong><\/p>\n

Australia\u2019s trade surplus ros in September. Will the AU200 <\/a> stock index continue rising?<\/p>\n

Latest data from China, Australia\u2019s biggest export market, were positive: inflation rose to 1.9% in October from 1.6% in September. This points to healthy economy growth and growing demand in China, a positive development for global growth prospect. And latest data reflect the positive impact China\u2019s growth is having on Australian economy: Australia\u2019s trade balance surplus rose to 1.745 billion Australian dollars in September from 0.873 billion in the previous month. And the Reserve Bank of Australia (RBA) held the interest rate at 1.5% at its November 7 policy meeting. Accommodative RBA monetary policy and robust Chinese economy are bullish for Australia\u2019s stock market index.<\/p>\n

\"AU200\"<\/p>\n

On the daily timeframe AU200: D1 <\/b> is rallying after hitting four-month low in the beginning of June. The price is above the 50-day moving average MA(50) and has breached out from the range it has been trading since the start of 2017.<\/p>\n