1 February, 2017 by The TZ Newswire Staff Comments Off on Australian record trade surplus – analyst responses
Australian record trade surplus – analyst responses
In brief, this from Westpac on the trade balance data (bolding mine):
For the December quarter, the key points are:
–
With the swing to net exports expected to make a positive contribution to Q4 GDP a question I have is will it be enough to tip Q4 GDP net positive, thus avoiding a technical recession?
1 February, 2017 by The TZ Newswire Staff Comments Off on BlackRock’s Rieder: Watch Out For Four Fed Hikes This Year
BlackRock’s Rieder: Watch Out For Four Fed Hikes This Year
The U.S. Federal Reserve could hike interest rates as many as four times in 2017 and markets do not sufficently reflect this possibility, Blackrock chief investment officer for fixed income Rick Rieder said in remarks made on Wednesday.
1 February, 2017 by The TZ Newswire Staff Comments Off on Cramer Remix: What is weighing on Apple suppliers
Cramer Remix: What is weighing on Apple suppliers
Jim Cramer revealed which company could be killing the vibe of Apple suppliers.
1 February, 2017 by The TZ Newswire Staff Comments Off on Australia – Trade balance (December): +3.511bn (expected AUD 2bn surplus)
Australia – Trade balance (December): +3.511bn (expected AUD 2bn surplus)
Australian Trade balance for December, , surplus of 3,511m
comes in at a huge beat
– expected AUD 2bn surplus
– prior REVISED MUCH HIGHER to surplus of AUD 2040mln (from AUD 1.243bn surplus)
Exports +5% m/m (sa)
1 February, 2017 by The TZ Newswire Staff Comments Off on Australia – Building Approvals (December): -1.2% m/m (expected -1.5%)
Australia – Building Approvals (December): -1.2% m/m (expected -1.5%)
Australian Bureau of Statistics building approvals data for December
-1.2% m/m
– expected -1.5%, prior +7%
-11.4 % y/y
– expected -10.8% y/y, prior -4.8%
Private House Approvals -1.6% (prior was 0.1%, revised from -0.2%)
1 February, 2017 by The TZ Newswire Staff Comments Off on AUD/USD, NZD/USD: An Impulsive Bullish Shift Underway: Levels & Targets – NAB
AUD/USD, NZD/USD: An Impulsive Bullish Shift Underway: Levels & Targets – NAB
National Australia Bank technical analysis for the Australian and New Zealand dollars. Via eFX.
Price broke down from its broad 2016 triangle in Q4 2016 and challenged the bottom of the nine-month range and our downside target at 0.7150/00 in December. The response to nine-month lows at 0.7150/00 has been positive however, setting up an impulsive bullish reversal pattern in January. ST cracks are starting to emerge with a series of daily and weekly Doji (open = close) produced in the past two weeks.
1 February, 2017 by The TZ Newswire Staff Comments Off on Meritage Homes Corp. Finishes 2016 Strong, but a Few Things Bear Watching
Meritage Homes Corp. Finishes 2016 Strong, but a Few Things Bear Watching
Meritage Homes Corp. (NYSE: MTH) reported its fourth-quarter and fiscal-year 2016 earnings on Feb. 1, beating analyst expectations for profit. Yet following the company’s earnings release and conference call with investors, shares were trading down 5%, because of a couple of things that have created some uncertainty around the company’s ability to continue growing sales and profits.
Meritage’s long-term strategy includes targeting more first-time homebuyers. Image source: Getty Images.