Coming up at 0030GMT, the home loans data from Australia for August   Home loans m/m expected -1.0%, prior was +0.4% Investment lending m/m prior was -1.3% Owner-occupied loan value m/m prior was +1.3% Preview via ANZ: We think the number of owner-occupier housing finance commitments fell moderately in August If realised, this would see
Oil Talking Points Crude extends the decline from earlier this week as fresh updates from the U.S. Department of Energy (DoE) show a further buildup in oil inventories, and recent developments keep the downside targets on the radar as both price and the Relative Strength Index (RSI) snap the bullish formations from August. Oil Price
Below are the key takeaways from the weekly report published by the U.S. Energy Information Administration. U.S. crude oil refinery inputs averaged 16.2 million barrels per day during the week ending October 5, 2018. Gasoline production decreased last week, averaging 9.7 million barrels per day. Distillate fuel production decreased last week, averaging 5.0 million barrels
Analysts at TD Securities enter a long AUD/CAD position (spot reference: 0.9230) in their FX Model Portfolio with a target of 0.9600 and a stop-loss of 0.9040. Key Quotes: Rationale “AUD has been one of the worst performing major currencies over the past three months. This reflects a mix of the trade wars and the underperformance
Australian Dollar Talking Points AUD/USD is little changed despite the below-forecast print for the U.S. Producer Price Index (PPI), but recent price action raises the risk for larger rebound in the exchange rate as aussie-dollar extends the bullish sequence from earlier this week. AUD/USD Extends Bullish Series Ahead RBA Financial Stability Review Fresh developments coming
Wholesale trade sales 0.8% versus 0.5% expected Wholesale inventories rise +1.0% versus 0.8% expected.  Wholesale trade sales 0.8% versus 0.5% expected. The prior month was revised to +0.2% from 0.0% Stock/sales ratio 1.26 months versus 1.26 months last month Better than expected data which should give a boost to 3Q GDP estimates. The Atlanta Fed
Mitul Kotecha, Senior Emerging Markets Strategist at TD Securities, suggests that nervousness over the upcoming US Treasury semi-annual FX report has grown, with Trump once again accusing China of manipulating its currency. Key Quotes “We examine the same criteria as the US Treasury and find that while various countries in Asia breached two of their
In a market wrap, analysts at TD Securities explained that the North American session was fairly quiet with equities and FX broadly unchanged (S&P 500: -0.14%; DXY: -0.07%), although sectors diverged with tech outperforming (Nasdaq: +0.32%) and materials underperforming (-3.4%). Key Quotes: “US yields edged off the recent highs with 10Y yields some 3bps lower,
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TALKING POINTS – CANADIAN DOLLAR, CRUDE OIL, AUSSIE DOLLAR, YEN, BRITISH POUND, BREXIT Canadian Dollar broadly lower, echoing crude oil price pullback Yen down, Aussie Dollar up as markets digest Friday’s volatility British Pound backtracking after soaring on Brexit deal optimism The Canadian Dollar underperformed in an otherwise quiet start to the trading week for