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28 Aug 2019

Australia: Q2 capex likely to come in softer – TD Securities

Analysts at TD Securities are anticipating Australia’s Q2 CAPEX to come in softer, -0.5% q/q, led by declines in building and structures.

Key Quotes

“Plant and Equipment which directly feeds into GDP is also expected to be softer, -0.5% q/q. Accompanying this data, we get final capex for 2018/19, which we forecast to be A$124b, nearly 4% up on 2017/18.”

“The 3rd estimate for 2019/20 raw capex is expected to be A$117b, +18% on the 2ndestimate on gains in mining, manufacturing and services capex.”

Aug 28, 2019

USD/CAD bulls looking to extend the momentum further beyond 1.3300 handle

The USD/CAD pair traded with a positive bias for the second consecutive session on Wednesday and built on the previous session's solid bounce from nea
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Aug 28, 2019

EUR/USD Technical Analysis: Absence of buying interest exposes a potential test of 1.1050 and below

EUR/USD Overview Today last price 1.1092 Today Daily Change 16 Today Daily Change % 0.02 Today daily open 1.109 Trends Daily SMA20 1.1133 Daily SMA50
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