Tag Archives: AUD
Housing Finance – October 2013
Total housing lending continues to rise, with housing finance to investors and owner-occupiers both remaining on a soliduptrend. Owner-occupied lending is now 17.2% higher on a year ago and investor lending has risen by 28.8%.
Australian Markets Weekly – Fed ‘tapering’ is coming: Implications for Australia
Strong US payrolls numbers have increased speculation that the Fed might start ‘tapering’ its bond buying program as early as its 17-18 December meeting. Fed tapering will signify the ‘all clear’ for the US economy,
The Week Ahead in FX
In the week ahead, the U.S. is to release what will be closely watched data on retail sales, while rate announcements by the Reserve Bank of New Zealand and the Swiss National Bank will also be in focus.
International Trade – October 2013
The October trade deficit of $529m came in worse than market expectations which centred on a $350m deficit {CBA(f) -$600m).
Australia Viewpoint: Broad-based weakness after the boom – NEW AUD forecast
The Q3 GDP report emphasises that the domestic economy remains weak ahead of a sharp decline in mining investment.
The World’s most bi-polar currency – Patterns in FX rankings since 1973
Assuming current 2013 rankings stick, the yen will have been either thestrongest or weakest G10 currency in each of the last 6 years!
GDP – QIII 2013: initial views
Real GDP rose by 0.6% in QIII. It matches the pattern of recent quarters and was a touch lower than the consensusexpectation which centred on a rise of 0.7%, (CBA (f): 0.8%).
Australian capital flow picture still supportive
Australia’s Q3 balance of payments data showed a modest deterioration in the balance of payments picture, with a further widening in the current account deficit.
GDP Preview – QIII 2013
The run of QIII data releases is approaching a peak, with the GDP data due tomorrow. Based on the data flow to date, weexpect real QIII GDP growth to print at 0.8% in the quarter.
RBA Board Meeting – December 2013
After cutting the cash rate in December 2011 & 2012 the RBA declined to make it a hat-trick and deliver a pre-Christmas rate cut in2013.
Balance of Payments – QIII 2013
There are clear signs that one part of the required growth transition is underway. Export volume growth is rising, courtesy of China’sstrong demand for our resources and
Retail Trade – October
Retail trade rose by a decent 0.5% in October, which bettered market expectations that were centred on a rise of 0.4%{CBA(f) 0.5%}.