GDP forecasts from one of the big 4 Australian banks

This is the first I've seen since the good data just out (Australia - BoP Current Account for Q2: AUD - 9.6bn (expected AUD -7.5bn))

Commonwealth Bank Group

  • expects Australian economy grew 0.9% q/q in the June quarter
  • & 2.0% y/y

--

ps. I hear ANZ is also boosting their forecast to 0.9% q/q now .... but that's not official yet, K?

--

oh and ps. part 2 .... above 0.8000 there are stops clustered in AUD/USD ... if it pops you can expect some momentum higher

investingLive Premium
Telegram Community
Gain Access