National Australia Bank business confidence &conditions, along with housing loans will be the focus for the AUD today
2230GMT - ANZ Roy Morgan weekly Consumer Sentiment for the week ended November 8, prior was 115.2
0030GMT - NAB Business Conditions for October, prior was 9
Also, NAB Business Confidence for October, prior was 5
The confidence and conditions data has been on the improve in past months. So much so that NAB's take on the data is that they:
- find it difficult to mount a case for further policy easing on purely domestic grounds
While the AUD took a drubbing on Friday's NFP release it has been resilient since then. Further tightening signs from the US are going to weigh on it, but given the 'green shoots (go ahead, flame away :-D ) emerging domestically the downside is not going to be easy going.
Also at 0030GMT - Australian housing finance for September
Home loans m/m,
- expected is flat at 0.0% change, prior was +2.9%
Investment lending m/m,
- prior was -0.4%
Owner-occupied loan value m/m,
- prior was +6.1%
