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Tag: Australia

Australia Has Fiscal Room for more Stimulus Signals Treasurer

Jun 05 2012 06:31:04 Forexbrokerz.com in Market

Just ahead of G7 conference, and after 25 bps cut by RBA, Australian treasurer said that the country has a fiscal room for more monetary stimulus Earlier G7 official said that group may suggest countries like Canada and Germany with large fiscal room to go for spending increa... Read more

Australia Service Sector Contraction Eases In May

Jun 05 2012 04:01:03 Forexbrokerz.com in Market

Australia's service sector continued to contract in May, but at a slower pace compared to the previous month, a report from the Australia Industry Group showed Tuesday. The latest Australian Industry Group/Commonwealth Bank Australian Performance of Services Index rose by 3.9 points to 43. Read more

Australia Current A/c. Deficit at A$ 14.9 Bln As expected in Q1

Jun 05 2012 02:31:03 Forexbrokerz.com in Market

Australia's BoP data reported current A/c. deficit at A$14.892 bln as expected in Q1 It was 9.639 in previous quarter and 10.162 bln in Q1-2011 Data also revealed that exports shave off 0.5 pct from Q1 GDP data which is due tomorrow, Economist expected export to take away 0. Read more

Australia Inflation Gauge Remains Flat In May

Jun 04 2012 05:31:04 Forexbrokerz.com in Market

A monthly measure of inflation in Australia remained flat in May, a survey from TD Securities and Melbourne Institute showed Monday. After rising 0.3 percent in April, the TD-MI monthly inflation gauge remained unchanged in May. In the twelve months to May, the gauge climbed 1. Read more

Australia Data Due On Monday

Jun 03 2012 23:31:02 Forexbrokerz.com in Market

Australia will release a batch of data on Monday, highlighting a light day for Asia-Pacific economic activity. On tap are May figures for job advertisements and the inflation outlook from TD Securities, plus Q1 numbers for company profits and inventories. Job ads were down 3. Read more

DCM Forex moves to New Zealand - the next hot forex destination?

May 16 2012 09:07:00 Forexbrokerz.com in Brokers

Half an hour ago I received this e-mail from DCM Forex, one of the best Australian forex brokers. DCM Forex moves to New Zealand as of next week. I'm curious if more brokers will follow, looking for more friendly regulatory environment. Read more

Australia New Vehicles Sales down 0.7 Pct in April

May 15 2012 03:31:08 Forexbrokerz.com in Market

Australian new vehicle sales were down 0.7 pct in April at 89,261 while rising 7.3 pct from last years level SUV sales were down 1.2 pct from last month, but gained 30 pct from last years level Passenger vehicles sales have gone down by 2. Read more

Research: Australia Labor Market Not As Strong As Headlines Suggest

May 10 2012 09:01:06 Forexbrokerz.com in Market

Quotes from Societe Generale Cross Asset Research: -The headline figures of Australia's April labor market report were certainly stronger than expected, with employment rising by 15.5k, when a decline was expected (median -5k, SG -10k). Read more

Research: Australia Will Experience Real Exchange Rate Appreciation

May 03 2012 12:31:06 Forexbrokerz.com in Market

Quotes from Standard Chartered: -Australia's economy is currently experiencing a significant external shock  - a commodity boom fuelled by demand from China and other countries. Read more

Australia C Bank Surprises Markets With 50 Bps Cut, Aussie Tumbles

May 01 2012 06:01:03 Forexbrokerz.com in Market

News Australian C bank cut base rates by 50 bps in a surprise decision leaving most of the market participant in surprised state as not many expected the C bank to take such a dovish view of economic conditions Bank said that cut was necessary to deliver appropriate rate of borrowing (Most of t... Read more

Australia House Price Index Drops For Fifth Quarter

May 01 2012 04:01:02 Forexbrokerz.com in Market

House prices in Australia declined for a fifth consecutive quarter in the January-March period, the latest figures from the Australian Bureau of Statistics showed Tuesday. The weighted average of the price index for established houses in eight capital cities fell 1. Read more

Australia Manufacturing Activity Contracts In April - AIG

May 01 2012 00:31:09 Forexbrokerz.com in Market

Australia's manufacturing activity contracted sharply in April. The Australian Industry Group reported Tuesday that its Performance of Manufacturing Index declined 5.6 points to 43.9. Readings below 50 indicate a contraction of activity in the sector. Read more

Australia Mar. New Home Sales Lowest In Over 10 Years, HIA Says

Apr 30 2012 05:31:10 Forexbrokerz.com in Market

New home sales in Australia tumbled to their lowest level in more than a decade in March, calling for a large reduction in the Reserve Bank's interest rate, the Housing Industry Association (HIA) said Monday. Read more

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