{"id":133681,"date":"2018-09-14T10:50:29","date_gmt":"2018-09-14T14:50:29","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=133681"},"modified":"2018-09-14T06:51:47","modified_gmt":"2018-09-14T10:51:47","slug":"au200-analysis-weaker-australian-data-bearish-for-au200","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/09\/au200-analysis-weaker-australian-data-bearish-for-au200\/","title":{"rendered":"AU200 Analysis – Weaker Australian data bearish for AU200"},"content":{"rendered":"
September 14, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

Weaker Australian data bearish for AU200<\/strong><\/p>\n

Australia\u2019s exports declined while imports were steady in July. Will the AU200<\/a> continue declining?<\/p><\/blockquote>\n

Recent Australian economic data were weak on balance after the Reserve Bank of Australia September 4 meeting. The trade surplus narrowed to A$1.551 billion in July after A$1.937 billion in June due to 1% drop in exports while imports were unchanged. At the same time business confidence declined in August followed by consumer confidence decline in September, though they remained in positive territory. And expansion of activities in construction sector slowed in August. Weaker economic data are bearish for AU200.<\/p>\n

\"AU200<\/p>\n

On the daily timeframe the AU200: D1<\/b> is retracing after pullback which followed the climb to 10-year high in mid-August. The price has approached to 200-day moving average MA(200) which has leveled off.<\/p>\n