FXStreet (Delhi) – Annette Beacher, Chief Asia-Pac Macro Strategist at TD Securities, notes that the Australian housing finance data posted a growth of 2.9% in August but investor finance fell by 0.4% during the same period.
“Gain was led by owner-occupiers at +6.1% (TD 6%, mkt +4.7%) with investor finance falling –0.4%, also good news, as shows that the APRA macroprudential measures are biting the right part of the market.”
“Owner-occupied finance annual growth jumps to 26.5% … (1) the highest since October 2009 and (2) double that of investor growth at +12%/yr). No need to cut rates to stimulate housing at this juncture.” For more information, read our latest forex news. FXstreet.com: Latest News
FXStreet (Córdoba) – Greenback weakened across the board after the release of the Federal Reserve minutes from the September meeting.AUD/USD rose from 0.7225 to 0.7271, reaching the highest level since mid September.
The pair currently trades at 0.7250, up 0.58% for the day. Price is trading near last week highs that lie at 0.7280; a break higher would expose 0.7300; above the next resistance could be located at 0.7310 (Aug 6,18 low).
The FOMC minutesshowed that officials wanted to wait for clarity over the outlook before starting the normalization process of monetary policy. FOMC members were worried about low inflation.
AUD/USD continues with the winning streak
The aussie is consolidating gains and is about to post the seventh daily gain in a row and the strongest close since August 24. AUD/USD continues to reach higher highs and higher lows and is testing the top of September and the 0.7270/80 area. For more information, read our latest forex news. FXstreet.com: Latest News
FXStreet (Guatemala) – Analysts at Bank of Tokyo Mitsubishi explained that if PBOC had been trying to push USD/RMB down, as it is doing now and has been since 11 August, but back in 2013, it would hardly have needed to do anything.
“But now the effort is laborious, because this central bank is swimming against capital flows.”
“The PR spin is September reserves showed outflows have slowed. But they are still faster than what had previously been the case through 2Q15.”
“Even as PBOC pushes down this cross, it is improving levels for a corporate hedging flow that has yet to take place. Next week’s trade figures will unlikely satisfy CNY/CNY bulls.” For more information, read our latest forex news. FXstreet.com: Latest News
Modern world presents us with a lot of opportunities to make money investing that did not exist before electronic age. Trading currencies online has become a viable option for those who want to be their own bosses, work from home and make steady income. Forex market is not that old as most Stock markets in the world. However, in a very short period of time since its inception, it has become the biggest, most liquid and attractive financial market in the world. Current possibilities to use lever
List Price: $ 5.99
Price: $ 5.18
Share this post:
Bringing Together Information on How To Build Your Wealth Through Forex Trading