The total number of home loans in Australia was up a seasonally adjusted 1.5 percent on month in February, the Australian Bureau of Statistics said on Monday - standing at 56,924. more...
AUD/USD -FXTW was looking for resistance in AUD/USD from the October 2013-January 2014 line near .7800. That level has not been reached and a tweezer top (candlestick pattern…tweezer bottoms identified the lows in September 2015 and January) warns that it may not be reached. Also, risk of a top is heightened given COT considerations. Don’t forget about the cyclical influence next week… -“The 2nd week of April is lining up as a potentially ...
British Pound Forecast – GBP/USD to Face Relief Rally on Upbeat U.K. PMI, Dovish Fed Rhetoric With second-tier data on tap for the week ahead, the British Pound may continue to consolidate ahead of the next Bank of England (BoE) interest-rate decision on April 14, but fresh rhetoric from Fed officials may generate a near-term rebound in GBP/USD as Chair Janet Yellen endorses a more dovish outlook for monetary policy. Japanese Yen Forecast - Japanese Yen Strength is its Own Undoing – Watch for Weakness ...
Unemployment has decreased, according to the latest figures. Here is a question: if the unemployment rate drops, is everyone happy? Suppose that, in a very small country, 380 people are either working or would like to work (this group is the labour force), and suppose 38 of these are unemployed. The unemployment rate is 38 out of 380, or 10%: that is the ratio of the unemployed to the labour force. Here are two scenarios. ...
The unemployment rate in Australia dropped to a seasonally adjusted 5.8 percent in February, the Australian Bureau of Statistics said on Thursday. more...
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