Trading news

Expert's opinion from FXFinPro

Australia's GDP grew by 3.0% in 2015

Today was published important statistics for GDP growth in Australia, which is in the 4th quarter of last year totaled 0.6% vs. expected 0.5% and 1.1% in the third quarter. During the year, the economy expanded by 3.0%. The main reason for the steady growth of the economy was the strong domestic demand, which has managed to offset the negative impact from the reduction of investments in the mining sector and the fall in commodity prices. This fact will support the Australian currency, but cannot compensate the weak data on the trade balance. We forecast a drop in the price of the Australian dollar to 0.6800 and 0.6500 in the medium term.

More detailed analytics you can see at our site


Wednesday, 02 Mar, 2016 / 12:36

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news


Gold Prices Confined To Friday’s Range

The precious metal is trading subdued with much of price action staying within [...]

Posted on Tuesday, 26 Jan, 2021 / 12:20 under

EU Hit With Vaccination Delays

Greenback Lifted as Fed Meeting Looms The US index ended a muted session at [...]

Posted on Tuesday, 26 Jan, 2021 / 12:19 under

US stimulus delays cool sentiment

  Delays in Biden’s relief timeline keep animal spirits in [...]

Posted on Tuesday, 26 Jan, 2021 / 10:21 under