Greg Gibbs, Analyst at Amplifying Global FX Capital, explains that Australia’s recent economic reports continue to support the notion that the RBA can hold rates steady for some time. Key Quotes “There is some evidence of peaking, making the AUD more vulnerable to other influences, including a stronger USD, weaker confidence in China, and domestic concerns over the property market and political cycle.” “The NAB business survey shows that conditions remain relatively solid, albeit down from highs earlier in the year.” “The RBA can still argue that labour market indicators are strong, although job ads and skilled vacancies are below peaks earlier in the year.” “The construction sector PMI from AiG is showing the effects of peaking in the housing market, slipping to 49.3, a low since Jan-2017. AiG noted weakness in houses and apartment construction, offset by strength in engineering, led by publicly funded infrastructure projects.” “The newer PMI data from Markit, sponsored by CBA, are showing more negative trends than the AiG series for services and manufacturing.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Litecoin price analysis: LTC/USD bulls hibernating amid widespread consolidation FX Street 4 years Greg Gibbs, Analyst at Amplifying Global FX Capital, explains that Australia's recent economic reports continue to support the notion that the RBA can hold rates steady for some time. Key Quotes "There is some evidence of peaking, making the AUD more vulnerable to other influences, including a stronger USD, weaker confidence in China, and domestic concerns over the property market and political cycle." "The NAB business survey shows that conditions remain relatively solid, albeit down from highs earlier in the year." "The RBA can still argue that labour market indicators are strong, although job ads and skilled vacancies… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
