Technical Analysis
Australia data, Sept: Exports +7% m/m (prior +2.6%) & Imports +0% m/m (prior +4.5%)
Australian trade balance data for September 2022
Comes in at A$12.444bn
- expected A$8.85bn
- prior A$8.324B\bn
Exports +7% m/m for a big beat, & ahead of the August result
Imports flat at +0% m/m, well down from August … falling imports is often a sign of diminishing domestic demand
more to come