Home Loans fell by 0.7%

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Monday, Jan 12 2015

Home Loans figures missed market expectations on 1.8% increase in November and fell by 0.7% compared to October 2014. In trend terms, the number of commitments for owner occupied housing finance was flat in November 2014.

The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 0.6%. Investment housing commitments rose 0.9% and owner occupied housing commitments rose 0.5%. In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions fell 1.0%.

Data did not have any major impact on the Aussie, but pair spent morning part of the session in an uptrend and is currently being traded around 0.8250 area. We can expect a steadier rest of the session since there will be no major data releases from the USA. Pair is likely to find resistance above 0.8280 level and support around 0.82 handle.

More in this category: « ANZ Job Advertisements rose for a seventh straight month Euro lower in an uneventful Monday's session »

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