China Trade Figures … Wow … Are they real?

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The Trade Balance came in at a surplus of $31.6Bn vs. expectations at +$19.6Bn.

I hesitated in posting them for a moment, surely a misprint? Apparently not, though.

AUD/USD had a quarter cent jump.

Imports up 6%, exports up 14.1%; both above expectations.

Author: Eamonn Sheridan

Eamonn Sheridan worked with Bankers Trust Australia for 13 years as a Spot foreign exchange dealer, trading across all major currencies and all time zones. He rose to a Vice President position, running spot operations during the busy European time, leaving the bank just prior to it being sold to concentrate on running his own business in the ‘real world’! The markets, however, had him hooked – he continued to trade equities, CFDs and then on to futures, giving him broad experience across financial markets. He is now active in FX and equity index futures as well as writing for ForexLive™. Eamonn is a graduate of The University of Melbourne in Australia and lives in New South Wales.


All|Asia Pacific

china economy

Eamonn Sheridan


  1. Hi Eamonn, any idea why EUR didn´t follow the risk on flag with this figures? Cheers

  2. So that’s what AUDUSD was waiting for yesterday after those dismal figures i.e. refusing to go down. There’s always a reason.

  3. Hi BTrader. The China trade figures are directly relevant to Australia & the AUD/USD to a greater extent. Also, there may be some ‘wait and see’ ahead of the ECB meeting due during the European day.

  4. aud/usd is really taking off now. I didn’t see a lot from non-aud pairs.

  5. Thanks Eamonn, i thought that EUR would follow the AUD in this 50 pips run to the sky ;-) after all this is excellent figures. I hope tomorrow Mr Draghi delivers good news so we can see EUR going to 1.3300 ;-) Cheers and thanks again.

  6. should we believe these numbers from china?

  7. Of course they’re not real. Won’t matter until the reality can’t be forged.

  8. Remember this is a country for which Tiananmen Square never happened. Business/economic reports should be believed? Ha.

  9. What I dont get is how the AUD moved so fast but the JPY didnt do anything at all… I thought all countries in the area of China were influenced by their numbers…


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