Australia home loans increase most in 2012
From brisbanetimes.com.au
Australian home-loan approvals rose in June by the most this year as buyers responded to the central bank’s 1.25 percentage points of interest-rate cuts since November. The number of loans granted to build or buy houses and apartments gained 1.3 per cent from May, when they fell a revised 0.9 per cent, the statistics bureau said in Sydney today. The median estimate in a Bloomberg News survey of 17 economists was for a 2 per cent increase in approvals. Today’s data, a stronger-than-forecast increase in retail sales and an unexpected rise in house prices add to the case for Reserve Bank Governor Glenn ... (full story)
it may add a bit of strength to test the top
this is not a trade recommendation........
cheers
From brisbanetimes.com.au
Australian home-loan approvals rose in June by the most this year as buyers responded to the central bank’s 1.25 percentage points of interest-rate cuts since November. The number of loans granted to build or buy houses and apartments gained 1.3 per cent from May, when they fell a revised 0.9 per cent, the statistics bureau said in Sydney today. The median estimate in a Bloomberg News survey of 17 economists was for a 2 per cent increase in approvals. Today’s data, a stronger-than-forecast increase in retail sales and an unexpected rise in house prices add to the case for Reserve Bank Governor Glenn ... (full story)
it may add a bit of strength to test the top
this is not a trade recommendation........
cheers