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

    Oct 7, 2015
    Likes Received:
    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."
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