The Australian Dollar got an unexpected boost from a surprisingly strong consumer spending report, but limited follow-through suggests few expect domestic fundamentals will continue to improve through the foreseeable future.The Australian Dollar got an unexpected boost from a surprisingly strong consumer spending report, but limited follow-through suggests few expect domestic fundamentals will continue to improve through the foreseeable future. Domestic Retail Sales showed impressive strength through the month of November, and many expect that aggressive fiscal stimulus packages announced in December will continue to support consumption. Yet analyst likewise cited fast-falling utility and fuel prices as a major driver of retail gains—leaving comparatively little hope for sustained improvement.
Elsewhere, Australian Trade Balance numbers were substantially worse than expected; sharp drops in metal ore exports and comparatively stable imports halved the trade surplus. A fast deterioration in global economic conditions poses great risks to demand for Australian exports. As demand for metal and other key industrial commodities falls, Australian export industries—and by extension the domestic currency—are likely to feel the effects.
[ForexGen Live Account]The live/real account is provided to those clients who may have some experience in the online trading.
[Opening an Account Online]
The quickest, easiest and secure way to open a ForexGen trading account is online.
Complete and submit your application online in just a few minutes.
ForexGen.com is an online trading service provider supplying a unique and individualized service to Forex traders worldwide. We are dedicated to absolutely provide the best online trading services in the Forex market.
ForexGen provides a unique online trading experience based on our intelligent online Forex trading package, the ForexGen Trading Station, including the best online trading system.
No comments:
Post a Comment