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 https://fxfinpro.com/en/analytics

 

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

 

USD Acts as Safe Haven Asset

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex   While the Chinese [...]

Posted on Monday, 27 Jan, 2020 / 10:21 under

Why has Gold gone cold?

By Giles Coghlan, Chief Currency Analyst at HYCM Gold’s been under the [...]

Posted on Monday, 27 Jan, 2020 / 8:52 under

Why oil falls in ‘risk-off’ markets

By Giles Coghlan, Chief Currency Analyst at HYCM Use this in your trading [...]

Posted on Monday, 27 Jan, 2020 / 8:49 under