Tag Archives: AUD
NAB Business Survey – February 2014
Is the recent recovery short lived? One or two steps forward, now a step back. The NAB Business Conditions index disappointingly back-pedalled sharply in February to
The Week Ahead in FX
In the week ahead, rate announcements by the Bank of Japan and the Reserve Bank of New Zealand will be in focus. The U.S. is to publish what will be closely watched data on retail sales and consumer sentiment.
Weekly CFTC Trader Positioning Data
The net long USD position — at $13.7bn — narrowed for the fourth consecutive week but most positions remain relatively neutral, close to the median of the last 52-weeks.
RBA Governor Stevens’ Testimony to Parliament: 7th March 2014
RBA Governor Stevens and other central bank officials appeared before the House Economics Committee today. The twoparts of this appearance are the Governor’s opening Statement and the subsequent Q&A session.
Retail Trade – January 2014
Retail trade jumped by 1.2% in January, which bettered market expectations that were centred on a rise of 0.4% (CBA (f)0.5%). The news is good for the economy and policy makers.
Trade Balance – January 2014
The January trade surplus was much larger than expected, coming in at $1433mn. Market consensus was looking for asurplus around $100mn (CBA (f): $200mn).
Employment, weather and FX reactions
Heading into this week’s employment data investors may attribute weaknumbers to the weather.This view is not entirely unjustified.
GDP – QIV 2013: initial views
Real GDP rose by 0.8% in QIV. Growth was a touch faster than in recent quarters. And it was a notch above theconsensus centred on a rise of 0.7% (CBA (f): 0.8%) and
Balance of Payments – QIV 2013: External accounts looking rosy!
The QIV Current Account Deficit (CAD) shrank to $10.1bn, which was in line with market expectations of a $10.0bn deficit{CBA’s forecast was for a $9.6bn CAD}.
Building Approvals – January 2014
The number of residential building approvals lifted by a strong 6.8% in January, bettering market expectations whichcentred on a rise of 0.5% (CBA (f) +1.0%).
Business Indicators – QIV 2013
Gross company operating profits rose by 1.7% in QIV which was a little weaker than market expectations which centred ona 2.0% increase (CBA (f): 3.0%)).
The Week Ahead in FX
In the week ahead, investors will be anticipating Friday’s U.S. nonfarm payrolls report for an indication of the strength of the recovery in the labor market.