Tag Archives: AUD
Weekly CFTC Trader Positioning Data
UPSIDE RISK FOR GBP • Markets were hesitant to build on existing positions and
Labour Force – January 2014
January’s weaker than expected jobs outcome showing a 3.7k dip in employment follows a downwardly revised December’s jobs’ drop of 23k (originally reported fall of 22.6k jobs).
Housing Outlook – 2014
We expect a significant rise in new dwelling construction over 2014 that should carry into 2015. The positives for theeconomy flow from the boost to overall growth and employment.
Consumer Sentiment – February 2014
The Westpac-Melbourne Institute Index of Consumer Sentiment fell to 100.2 in February to sit barely in positive territory(100 means that the number of optimists equals the number of pessimists).
Housing Finance & ABS House Prices – December 2013
Housing-related lending took a breather in December, with the number of loans to owner-occupiers falling by a modest 1.9%. But, by value, loans to investors and owner-occupiers remain on a solid uptrend,
NAB Business Survey – January 2014: Business reports strong conditions
Business conditions consolidated the strong pick up in December, reaching an almost 3 year high of +4 in January, from +3 in December. Conditions are now close to their long run average.
The Week Ahead in FX
In the week ahead, Fed Chair Janet Yellen is to testify on the bank’s semiannual monetary policy report in Washington. Her comments will be closely watched.
Weekly CFTC Trader Positioning Data
• Shifting risk appetite, ISM-related concerns over the pace of US growth, and central bank-driven positioning were the key themes driving sentiment this week.
FX Weekly Report
Is the yen ready for a new phase of weakness? The turmoil in emerging markets has led to Japanese yen appreciation especially given its perceived safe haven status.
Retail Trade – December 2013
The rise in retail trade over December was right on market expectations of a 0.5% rise (CBA (f): 0.8%)). We had beenanticipating a slightly stronger result based on anecdotal evidence of a decent period of Christmas spending.
RBA Board Meeting – February 2014
In a nutshell, today’s RBA accompanying statement to the rates decision reveals that since the last Board meeting inDecember, both the global and local growth outlooks have improved and local inflation risks have moved higher.
US Morning Update
Broader market conditions were decisively ‘risk-off’ during the London morning, as a meaningful improvement in EM conditions has still failed to materialise.