Good Morning Fellow Traders,

The building approvals (MOM) has been released, Building Approvals (also known as Building Permits) measures the change in the number of new building approvals issued by the government. Building permits are key indicator of demand in the housing market.

Actual:-8.7%
Forecast:-3.0%
Previous:-1.8%

Australia's political system is struggling to grapple with one of its most basic tasks - keeping the budget in balance
failure to curb spending and manage faltering tax revenues has left the budget in an ever-deteriorating mess, despite years of positive economic growth

Current AUD to USD exchange rate 0.7648. Today's range 0.7640-0.7660. Yesterday's rate 0.7660, change -0,16%.

Take Profit .7630, .7590, .7400 this week.

Happy Trading!
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