Australia News & Analysis

Australia Trade Balance (MoM) came in at 5953M, above expectations (4500M) in October

Australia Imports (MoM) up to 0.1% in October from previous -3.1%

Australia Exports (MoM) up to 3.6% in October from previous -4.3%

The AUD/USD declined by 0.76% to 0.6435 in Wednesday’s session, driven by disappointing data results from key fundamentals in Australia.

Sweeping proposed changes would force most crypto firms in Australia to obtain financial licensing, which some worry could drive innovators offshore.

The AUD/JPY cross dropped to its lowest level since September 18 during the Asian session on Wednesday as softer Australian GDP print lifted bets for an early interest rate cut by the Reserve Bank of Australia (RBA).

Australia Treasurer Jim Chalmers said on Wednesday that the national accounts show positive but weak Gross Domestic Product (GDP) growth.

Australia Gross Domestic Product (YoY) below expectations (1.1%) in 3Q: Actual (0.8%)

Australia Gross Domestic Product (QoQ) below expectations (0.4%) in 3Q: Actual (0.3%)

The final reading of Australia’s Judo Bank Services Purchasing Managers Index (PMI) improved to 50.5 in November from 49.6 in the previous reading.

Australia Judo Bank Services PMI came in at 50.5, above expectations (49.6) in November

Australia Judo Bank Composite PMI: 50.2 (November) vs 49.4

Australia will release Gross Domestic Product (GDP) figures for the third quarter (Q3) on Wednesday.

Real-estate auctions are rare in the US but popular in Australia. They’re a genius way to take the guesswork out of buying and selling homes.

Australia Current Account Balance below forecasts (-10B) in 3Q: Actual (-14.1B)

Australia CFTC AUD NC Net Positions climbed from previous $31.6K to $31.8K

One of the world’s toughest social-media crackdowns took a week to become law, after a lawmaker’s wife read Jonathan Haidt.

Australia RBA Commodity Index SDR (YoY): -11.8% (November) vs previous -7.8%

Australia’s Retail Sales, a measure of the country’s consumer spending, climbed 0.6% MoM in October, compared to a rise of 0.1% in September, the official data published by the Australian Bureau of Statistics (ABS) showed on Monday.

Australia Building Permits (YoY) fell from previous 6.8% to 6.1% in October

Australia ANZ Job Advertisements: -1.3% (November) vs previous 0.3%

Australia Retail Sales s.a. (MoM) came in at 0.6%, above forecasts (0.3%) in October

Australia Company Gross Operating Profits (QoQ) came in at -4.6% below forecasts (0.8%) in 3Q

Australia Building Permits (MoM) above forecasts (2.1%) in October: Actual (4.2%)

Australia TD-MI Inflation Gauge (YoY) dipped from previous 3% to 2.9% in November

Australia TD-MI Inflation Gauge (MoM): 0.2% (November) vs previous 0.3%

Australia Judo Bank Manufacturing PMI remains unchanged at 49.4 in November

A social media ban for children under 16 passed the Australian Parliament on Friday in a world-first law.

The law will make platforms including TikTok, Facebook, Snapchat, Reddit, X, and Instagram liable for fines of up to 50 million Australian dol…

The latest collaboration aims to provide new opportunities to improve cancer diagnosis using GE HealthCare’s technology and enhance clinical workflow.

The Australian Dollar (AUD) extends its winning streak for the third successive session on Friday following the hawkish comments from Reserve Bank of Australia (RBA) Governor Michele Bullock.

Australia Private Sector Credit (YoY) up to 6.1% in October from previous 5.8%

Australia Private Sector Credit (MoM) registered at 0.6% above expectations (0.5%) in October

Reserve Bank of Australia (RBA) Governor Michele Bullock said on Thursday that Australia’s core inflation is “too high” to consider interest-rate cuts in the near term.