Australia Private Capital Expenditure came in at 0.8%, above expectations (-3%) in 4Q

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Feb 25, 2016

USD/JPY: recovers from lows, guarding critical support

USD/JPY is running into strong support and found demand at the recent lows of 111.03 when the major rallied to penetrate the 20 sma on the hourly sticks and the 55 sma in recent trade.

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Feb 25, 2016

Australia's CAPEX: Q4 2015 upbeat, estimates 16/17 down

Following last November's disappointing Australian capex (private capital expenditure), today's reading shows a capex of +0.8% q/q vs -3.0% expected and -9.2% last. First estimate of 2016/17 capex came at A$82.6 bln, with latest estimate of 2015/16 capex at A$124.0 bln. In terms of Q4 plant/machinery capex, it registered +0.1% q/q seasonally adjusted.

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