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Previewing Australia Building Approvals Data

From orbex.com

Tonight we have one of the last pieces of important economic data ahead of Monday’s RBA meeting. Given the importance of the housing market in Australia’s current economic situation (and the change in the outlook for monetary policy,) we could see some market volatility. The AUD is likely to be in flux going into the weekend. The data release and the pricing in of expectations for a potential change in monetary policy will have an impact. But we also have the US-China trade negotiations which appear to be heading into the home stretch despite a holiday in the Asian giant. The theory is that should the trade situation ... (full story)

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  • Category: Fundamental Analysis