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  • What to Expect from Australia Housing Data

    From orbex.com

    What We Are Expecting Tomorrow we get two bits of interesting information that don’t usually move the markets immediately unless there is a big surprise in the data. However, they can drive trader sentiment and are useful for evaluating longer trends. Especially now that next week, major forex traders should be coming back to the markets after the holiday, and the trading ought to return to normal. For Building Approvals, the consensus among analysts is that they will increase 2.8% over last month, a modest improvement over the prior drop of -1.8%. This series tends to bounce around a lot, but a result above 0 is ... (full story)

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  • Aug 29, 2019 9:48pm Aug 29, 2019 9:48pm
  •  Macdon
  • Joined Jul 2009 | Status: Member | 550 Comments
Seems like Aussies said no to communist style dog box skyscrapers that have a tendency to burn down and crack. Building approvals are -9.7%. This should be good for the older dwellings, if you happen to own any.
 
 
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  • Posted: Aug 29, 2019 9:11pm
  • Submitted by:
     Orbex
    Category: Fundamental Analysis
    Comments: 1  /  Views: 3,271
  • Linked events:
    AUD Private Sector Credit m/m
    AUD Building Approvals m/m
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