Economic Event to Watch: Australias Home Loans (MoM, Nov) - 00:30 GMT, 12 January 2015 China had posted weakening economic data last week, which may have a weight on #Australias economy. However, the AUD experienced a 1% rally against the #USD last Friday, following the recorded drop in US hourly wages which consequently reduced expectations of a rise in #US interest rates. With the #Home #Loans data, it records the difference in the number of new loans approved for the purchase of homes. Considered one of the key indicators via demand in the housing market, Septembers data was recorded at 0.3% and is expected to increase to 2.0% for November. Should this be the case or better, it could reflect positively on the #AUD. Key assets to watch: USD/AUD, #EUR/AUD, #NZD/AUD Trade Smarter with CWM FX, proud title sponsor of the #CWMFX London Boat Show 2015. #LBS15 - Visit us at cwmfx to start trading #Forex and #CFDs safely, any time, anywhere.
Posted on: Sun, 11 Jan 2015 22:19:34 +0000
Trending Topics
Recently Viewed Topics
© 2015