The total number of building approvals in Australia issued in July fell a seasonally adjusted 1.7 percent on month in July, the Australian Bureau of Statistics said on Wednesday - standing at 18,299. more...
The total value of construction work done in Australia in the second quarter of 2017 was up a seasonally adjusted 9.3 percent on quarter in the second three months of 2017, the Australian Bureau of Statistics said on Wednesday - coming in at A$51.669 billion. more...
The Australian dollar stabilized on high ground, consolidating previous gains. What’s next? Australian capital expenditure and Chinese data stand out in a busier week. Building Approvals: Wednesday, 1:30. A rise of 10.9% in June will probably be followed by a drop now.Construction Work Done: Wednesday, 1:30. We will now receive the data for Q2.HIA New Home Sales: Thursday, 1:00. A rise could be seen now.Chinese official Manufacturing ...
The Australian Dollar has struggled to build upside momentum against its US counterpart since bouncing from rising trend support set from May/June lows. Prices seemingly completed a bullish Flag continuation pattern but have been unable even to retest the prior swing high, much less to overcome it. Resistance is at 0.7979, the 23.6% Fibonacci expansion, with break above that on a daily closing basis opening the door to challenge the 0.8066-87 ...
The Australian dollar struggled with the highs but did not give up on these levels, despite RBA pressure. Where next? The upcoming week features speeches from central bankers as well as important surveys. AIG Construction Index: Sunday, 23:30. This 200-strong survey by the Australian Industry Group has been on the high ground in the past two months, above 56, reflecting robust growth in the sector.ANZ Job Advertisements: Monday, 1:30. ...
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