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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3119
Posted: Feb 22, 2010 5:00
Comments: 3119
Forum Topic:
Commodity FX (CAD AUD NZD NOK)
Discuss Commodity FX (CAD AUD NZD NOK)
tomorrow and friday very good season for big shorts on stock index, gold, silver, and long USD
From MNI FX Bullets
AUSTRALIA: The Melbourne Institute has raised its underlying and
headline inflation forecasts for the next few quarters while making
modest downward revisions to GDP forecasts in its latest Monthly
Bulletin of Economic Trends released Friday. Underlying inflation will
now peak at 2.8% on-year in the December quarter, compared with previous
forecast for 2.4% inflation in the December quarter, MI says. Headline
inflation will peak at 3.9% on-year in the December quarter vs 3.6%
earlier forecast. Annualised GDP growth is trimmed to 1.2% in the
September quarter vs 1.3% previous forecast but December quarter is kept
unchanged at 1% growth y/y. MI raised unemployment forecasts with
September unemployment expected at 5.1% but the rate is expected to
again moderate to 5% in December and stay at that level in March 2012.
Previously MI forecast unemployment rate to drop to 4.8% by March 2012.
Ashraf