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20 Nov 2015
AUD/USD: all important Capex next week - TDS
FXStreet (Guatemala) - Analysts at TD Securities explained that Australia 15Q3 Private Capital Expenditure is due on 26th Nov.
Key Quotes:
"In a relatively quiet week globally for data, the all-important Australia Capex report will be out. The component that matters here is Plant and Equipment investment for 15Q3, and we look for a +1% q/q gain, given capital goods jumped +6.6% in the quarter."
"In terms of breakdown, we see Mining remaining in free fall, at -38% (unchanged), Manufacturing growth should improve to -5% (from -11%) as should services, to -4% (from –8%). Overall we don’t see this report as a game changer for the RBA, who will hold their easing bias, but with no agenda to cut anytime soon."
Key Quotes:
"In a relatively quiet week globally for data, the all-important Australia Capex report will be out. The component that matters here is Plant and Equipment investment for 15Q3, and we look for a +1% q/q gain, given capital goods jumped +6.6% in the quarter."
"In terms of breakdown, we see Mining remaining in free fall, at -38% (unchanged), Manufacturing growth should improve to -5% (from -11%) as should services, to -4% (from –8%). Overall we don’t see this report as a game changer for the RBA, who will hold their easing bias, but with no agenda to cut anytime soon."