{"id":90669,"date":"2016-06-02T05:25:29","date_gmt":"2016-06-02T09:25:29","guid":{"rendered":"http:\/\/countingpips.com\/?p=90669"},"modified":"2016-06-02T05:25:29","modified_gmt":"2016-06-02T09:25:29","slug":"australias-trade-deficit-narrows-but-retail-sales-slow-down","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/06\/australias-trade-deficit-narrows-but-retail-sales-slow-down\/","title":{"rendered":"Australia\u2019s trade deficit narrows but retail sales slow down"},"content":{"rendered":"<div id=\"inves-1792265029\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">June 2, 2016<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>There was mixed data out of Australia today.<\/p>\n<p>A report showed a smaller-than-anticipated trade deficit. This led to a brief spike up in the AUDUSD right after the data. However, the jump to $0.7268 was very short-lived and then the aussie fell back down after separate data showed disappointing retail sales for Australia.<\/p>\n<p>The trade balance in April showed a deficit of A$1.579bn, less than the A$2.1bn economists had forecast. The trade balance was -A$1.971bn in March, and has been contracting for four straight months now.<\/p>\n<p>A small rise in exports for the month was prompted by an increase in agricultural commodities, while imports of industrial goods also slowed.<\/p>\n<p>Retail sales came in a little worse than expected, however. Sales rose 0.2 per cent month-on-month according to the Australian Bureau of Statistics, short of the 0.3 per cent economists were looking for. They had risen 0.4 per cent in March.<\/p><div id=\"inves-2563207079\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>Weighing down the reading were food sales, which contracted 0.3 per cent after posting a 0.5 per cent rise in March. The results tend to show a lot of monthly variation but 0.2 per cent is towards the lower end of the -0.1 to +0.7 per cent range from 2015.<\/p>\n<p>On Wednesday, the AUDUSD rose sharply to a two-week high of $0.7300 after stronger-than-expected first quarter GDP data for Australia.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime There was mixed data out of Australia today. A report showed a smaller-than-anticipated trade deficit. This led to a brief spike up in the AUDUSD right after the data. However, the jump to $0.7268 was very short-lived and then the aussie fell back down after separate data showed disappointing retail sales for [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-90669","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/90669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=90669"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/90669\/revisions"}],"predecessor-version":[{"id":90688,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/90669\/revisions\/90688"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=90669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=90669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=90669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}