Approvals for apartments suffered the most severe hit, falling 24.8 per cent in October in seasonally adjusted terms to be down almost 43 per cent over the year. Total approvals fell 12.6 per cent, the third successive monthly decline, well down on the market forecast for a 2 per cent increase. The September result was also revised down to a 9.3 per cent fall from the originally reported 8.7 per cent decline.
Private house approvals had a more modest 3.4 per cent decline after a 1.5 per cent increase in September. While the Australian Bureau of Statistics series is notoriously volatile, especially for the high-rise apartment sector, the issuing of building permits provides guidance about activity coming down the residential construction pipeline.
Aussie is currently being traded around 0.7450 area. Pair is likely to find support around 0.74 handle and resistance above 0.75 level.
UK still likely to leave the EU with a negotiated agreement, says Number 10
Sentix Investors Confidence rose to 14.7 in August
German factory orders -4.0% seasonally adjusted on the previous month
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
Forex Web News is part of Rolling Capital Network providing financial consulting.
Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.
Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.
All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.
We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.
Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.