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  • Editor’s Picks / 1 hour ago

    Australia continues to grow – just

    The Sydney Morning Herald
    Australia is hanging on, by its fingernails, to its most important winning streak. The economy eked out another quarter of growth. But only just. John McDuling writes official GDP figures show the economy expanded by 0.2% in the June quarter. This was weaker than economists expected, and the lowest rate of growth in years. On an annual basis, it was the slowest growth, once inflation is stripped out, since 1961-2. Australia is now growing more slowly than many other countries, and the currency has fallen below $US0.70.
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  • Editor’s Picks / 2 hours ago

    AUD dips below $0.70 on sluggish GDP figures

    CNBC
    The Australian dollar cracked below the key psychological level of $0.70 for the first time in over six years on Wednesday as investors shunned the currency amid concerns around China's darkening economic outlook, the rout in commodities and sluggish domestic growth. Ansuya Harjani writes the currency fell as much as 0.4% against the US dollar in early Asian trade to hit $0.6968, its weakest level since April 2009, before settling above $0.70.
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  • Article / 3 hours ago

    3 Numbers: Eurozone PPI deflation test, US ADP jobs, factory orders

    editor/analyst / CapitalSpectator.com
    United States
    3 Numbers: Eurozone PPI deflation test, US ADP jobs, factory orders
    The pan-European macro trend is improving, with some relief in stubbornly high jobless numbers. The good news should continue on the inflation front today, with only mild signs of deflation in the Eurozone producer price index release for July. On the other side of the Atlantic, the ADP Employment Report should provide clues on the official jobs report due out on Friday. And US factory orders are likely to show signs of a modest increase in July, against the background of a weak trend.
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  • Squawk / 4 hours ago
    Technical Analsyt / commoditymarket2008 Advisory Services
    India
    SPOT GOLD HAS RESISTANCE 1142, HOLD ABOVE THEN 1148-1156 POSSIBLE & HAS SUPPORT 1134, HOLD BELOW THEN 1128-1120 POSSIBLE
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