Australia balance of trade update – forecast exceeded

Updating (from the earlier article in July 2012) the forecast BOT chart for the genius’s elected to run this country. How about we start thinking about the massive revenue shortfall for the Victorian and NSW trade deficits? The $AUD will end up back at 80c as a result. I figure the RBA is now waiting for the natural order of things to kick in.

Source: ABS 5368 series

UPDATE: Oct2012 data – low exceeded, forecasted trend will be sustained -ve until Dec2013, -$2Bn ave for 2013
AUS BOT $AUD qtrly - click image

PREVIOUS CHART:
AUS BOT $AUD qtrly - click image

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About atradersrant

Self-employed private trader of equities, commodities and FX for income and investment; Follow me at your own risk! I provide analysis of major market & economic trends .. with too much commentary on fraud and corruption that is rife in the open market.
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2 Responses to Australia balance of trade update – forecast exceeded

  1. mack says:

    Appreciate Your interesting writings, especially fantastic charts. Hope to see something new soon, since markets crossing into volitile territories.

  2. Pingback: Australia Nov2013 – all expectations exceeded … to the downside | atradersrant

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