XT_Mobile_970x250_XFR
  1. Hello Guest Would you like to receive a FREE $50 No Deposit Bonus ? Check this

AUD/USD: all important Capex next week - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 20, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    FXStreet (Guatemala) - Analysts at TD Securities explained that Australia 15Q3 Private Capital Expenditure is due on 26th Nov.

    Key Quotes:

    "In a relatively quiet week globally for data, the all-important Australia Capex report will be out. The component that matters here is Plant and Equipment investment for 15Q3, and we look for a +1% q/q gain, given capital goods jumped +6.6% in the quarter."

    "In terms of breakdown, we see Mining remaining in free fall, at -38% (unchanged), Manufacturing growth should improve to -5% (from -11%) as should services, to -4% (from –8%). Overall we don’t see this report as a game changer for the RBA, who will hold their easing bias, but with no agenda to cut anytime soon."
    For more information, read our latest forex news.
     

Share This Page

Trade indices Online