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News

Sentix Investors Confidence turned fell to 19.6

Investors are losing faith in the strength of the euro-area economy after a string of numbers that fell short of expectations. A monthly report from research group Sentix said their view of the economy has turned negative for the first…

UK house prices unchanged in Q1

House prices in the three months to March were largely unchanged compared with the previous quarter. The annual rate of growth continues to be in a narrow range of under 3%; though the average price of £227,871 is a new…

German Trade Balance surplus narrowed to 19.2 billion euros

Germany exported goods to the value of 104.7 billion euros and imported goods to the value of 86.3 billion euros in February 2018. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports increased by 2.4%…

Australia's construction sector is strengthening as non-residential work soars

Activity levels across Australia’s construction sector continue to strengthen, underpinned by surging growth in non-residential work. The Australian Industry Group’s (Ai Group) Performance of Construction Index (PCI) rose 1.2 points to 57.2 in March in seasonally adjusted terms, leaving it…

Private sector employment rose by 241,000 jobs

Private sector employment increased by 241,000 jobs from February to March according to the March ADP National Employment Report. “We saw impressive momentum in the first quarter of 2018 with more jobs added per month on average than in 2017,”…

Eurozone CPI increased by 1.4%

Euro area annual inflation is expected to be 1.4% in March 2018, up from 1.1% in February, according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation,…

UK Construction PMI fell below level of 50.0

March data revealed a setback for the UK construction sector following five months of marginal business activity growth. However, survey respondents noted that unusually bad weather conditions had been a key factor behind the drop in construction output, with snow-related…

Australian Retail Sales up by 0.6%

The trend estimate rose 0.4% in February 2018. This follows a rise of 0.3% in January 2018 and a rise of 0.3% in December 2017. The seasonally adjusted estimate rose 0.6% in February 2018. This follows a rise of 0.2%…

AUD/USD Daily Forecast - 27 March

There were no data releases from Australia yesterday, with focus on commodity prices. Trade developments, risk appetite and position adjustment are liable to dominate the gold price discussion during the week ahead, with the U.S. interest rate debate on hold…

Mnuchin says he’s ‘cautiously hopeful’ that China tariffs can be avoided

U.S. Treasury Secretary Steven Mnuchin has left the door open for a trade deal with China, but at the same time has insisted the Trump administration won’t back down in its push for more balanced trade between the two nations.…

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