Australia’s quarterly private capital expenditure drops

The anticipated drop of -2.3% didn’t mean much when the actual figure almost doubled to a -4.4% change. This is clearly not a good sign for the economy as it suggest businesses are not ready to increase investments due to the current and future economic conditions.

Just a chart art depicting the 60~ pips drop over on the AUDUSD pair.

AUDUSD 1-Minute
AUDUSD 1-Minute

 

Advertisements

A Pip For Your Thought?

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s