- The highlight of the February / March data releases has been the trade surplus of $11B thanks to a boost in exports.
- Current Account surplus $11.8B vs (Forecast 4.9B-Previous 1.3B) DEC 23
- Goods Trade Balance $11B vs ( Forecast 11.42B – Previous 10.74 B)
- Exports in Jan improved by 1.6% m/m to $47.51B
- Imports grew 1.3% m/m ,currently at $30B.
- Strong exports to Asia are keeping Australia’s economy strong
- AUDUSD in the range 0.65-0.66
- Another boost is the Chinese trade surplus of 7% y/y in January , 890B Yuan, previous 540B Yuan
- ASX200 at record 7800
Mountain Tech Analysis 
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