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Forex & Equities: Market Eyes RBA & Session Ranges

Posted by Akhilesh Ganti on May 5, 2014 10:46:00 PM

Australia's Trade Balance for March posted a surplus of AUD 731 Million which was lower than the AUD 1.1 Billion forecast as exports declined by 2% from the prior month while imports were unchanged. There wasn't much reaction in AUD/USD as the market awaits the RBA rate decision due out a bit later on. 

Australia's top 10 trading partners. (Figures are in Millions of AUD) {source: Bloomberg}

Rank Country Mar. 2014 Feb. 2014 Jan. 2014
1 China 12786 11478 12701
2 Japan 6069 5464 5208
3 USA 3368 2825 2821
4 Korea 2756 2530 3034
5 Singapore 1627 1499 2145
6 Malaysia 1420 1480 1493
7 New Zealand 1374 1262 1070
8 Thailand 1146 1433 1155
9 Germany 1069 960 1260
10 Taiwan 927 847 997

Ranges:{WWM's New ALPHA Trader-4 HOUR charts [EUR, GBP, AUD, YEN, GOLD, OIL, DXY]}(click to enlarge)

FX 050514

Equities:{WWM's New ALPHA Trader-4 HOUR charts [Dow30, SP500, Nasdaq100, Japan225, China, Nifty50, FTSE100, ASX200]}(click to enlarge)

STOCKS 050514

 

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