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AUD/NZD Likely to Break Above Consolidation Zone As Business Confidence in New Zealand Weakens

New Zealand – New Zealand Institute of Economic Research (NZIER) Business Confidence On Monday, at GMT 10:00 p.m., the New Zealand Institute of Economic Research (NZIER) released its business confidence index. It measures the level of a diffusion index by surveying 2,500 manufacturers, builders, wholesalers, retailers, and various service providers in the country. The NZIER […]

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EUR/AUD Breaks Above Key Downtrend Line After Australian Building Approvals Jump by 21.6%

EUR/AUD Forecast – 1st April 2021 Australia – Building Approvals On Wednesday, at GMT 12:30 a.m., the Australian Bureau of Statistics released the national month-over-month building approvals figure. It measures the changes in the number of approvals of new buildings. A building permit indicates new construction work. It also suggests that there would be additional […]

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GBP/AUD Signals Bearishness Amid Surging Housing Market in Australia

GBP/AUD Forecast – 18th March 2021 Australia – House Price Index On Tuesday, at GMT 12:30 a.m., the Australian Bureau of Statistics released the House Price Index (HPI). It measures the changes in the selling price of houses in the 8 state capitals in Australia. Rising house prices indicate that investors are confident about purchasing […]

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USD/CAD Bulls Likely Keep Control Despite Slight Drop in ISM Manufacturing PMI in the USA

USD/CAD Outlook: 1st February 2021 Canada – Manufacturing PMI On Monday, at GMT 2:30 p.m., the Markit will release Canada’s manufacturing purchasing managers’ index (PMI) figure. It measures the level of a diffusion index by surveying around 400 purchasing managers in the country.  Businesses are the first to react to changing economic climate. The manufacturing […]

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GBP/USD Tests Resistance Near 1.3700 Amid Rising Inflation in the UK

GBP/USD Outlook: 21st January 2021 United Kingdom – Consumer Price Index On Wednesday, at GMT 7:00 a.m., the UK’s Office for National Statistics released the year-over-year Consumer Price Index (CPI). It measures the changes in the price of goods and services acquired by consumers.  The CPI basically measures the inflation level in the economy. This […]

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