Wednesday, May 25, 2011
Sales of New Homes in U.S. Rose in April
Saturday, May 21, 2011
No Much Improvement Of 5 Major Currency Along This Week
As a result, if we look all 5 major currency in this week showed a good sign but the improvement was not too much, it was caused by some bad news of fundamental factor. The red color above show the trader must watch and pay attention because these kind of indicator had given a high impact to the currency mover. Hopefully, this summary can help you guys to determine in the coming week.
Friday, May 20, 2011
Good Sign of Jobless Claims in U.S Fall More Than Forecast
Monday, May 16, 2011
Japan Machine Orders Unexpectedly Rose in March, Withstanding Quake Impact
Restrictions Relaxed
Output Increases
Better Than Expected
Producer Prices
Housing Finance, Australia, Mar 2011
Value of Dwellings Financed
The total value of dwelling commitments excluding alterations and additions (trend) fell 1.6% in March 2011 compared with February 2011 and the seasonally adjusted series fell 0.1% in March 2011.
The total value of owner occupied housing commitments (trend) fell 1.7% (down $237m) in March 2011, following a fall of 1.7% in February 2011. Falls were recorded in commitments for the purchase of established dwellings (down $187m, 1.6%), the purchase of new dwellings (down $32m, 4.8%) and the construction of dwellings (down $17m, 1.4%). The seasonally adjusted series for the value of owner occupied commitments fell 1.1% in March 2011.
The total value of investment housing commitments (trend) fell 1.3% (down $85m) in March 2011 compared with February 2011, following a fall of 1.3% in February 2011. Falls were recorded in commitments for the purchase of dwellings by individuals for rent or resale (down $96m, 1.8%) and the construction of dwellings for rent or resale (down $2m, 0.5%), while commitments for the purchase of dwellings by others for rent or resale rose (up $13m, 2.0%). The value of investment housing commitments seasonally adjusted rose 2.1% in March 2011.
Number of Owner Occupied Dwellings Financed
The number of owner occupied housing commitments (trend) fell (down 957, 2.0%) in March 2011 compared with February 2011. Falls were recorded in commitments for the purchase of established dwellings excluding refinancing (down 538, 2.1%), the refinancing of established dwellings (down 230, 1.5%), the purchase of new dwellings (down 112, 5.6%) and the construction of dwellings (down 76, 1.6%). The seasonally adjusted estimate for the total number of owner occupied housing commitments fell 1.5% in March 2011.
Number of Owner Occupied Dwellings Financed - State
Between February 2011 and March 2011, the number of owner occupied housing commitments (trend) fell in all states with Queensland (down 267, 3.2%), New South Wales (down 248, 1.7%), Victoria (down 175, 1.3%), South Australia (down 51, 1.4%), Western Australia (down 31, 0.6%), the Australian Capital Territory (down 19, 1.9%), Tasmania (down 12, 1.2%) and the Northern Territory (down 1, 0.4%). The seasonally adjusted estimates fell in all states except New South Wales (up 213, 1.5%), Western Australia (up 115, 2.1%) and the Northern Territory (up 8, 2.7%).
First Home Buyer Commitments
In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose from 14.9% in February 2011 to 16.0% in March 2011. Between February 2011 and March 2011, the average loan size for first home buyers rose $2,500 to $279,500. The average loan size for all owner occupied housing commitments rose $4,000 to $285,500 for the same period.
Number of Owner Occupied Dwellings Financed Excluding Refinancing
The number of owner occupied housing commitments excluding refinancing (trend) fell 2.3% in March 2011 compared with February 2011, following a fall of 2.3% in February 2011. The seasonally adjusted series fell 0.9% in March 2011.
PURPOSE OF FINANCE (OWNER OCCUPATION)
Construction of dwellings
The number of finance commitments for the construction of dwellings for owner occupation (trend) fell 1.6% in March 2011 compared with February 2011, following a fall of 1.7% in February 2011. The seasonally adjusted series fell 1.1% in March 2011.
Purchase of new dwellings
The number of finance commitments for the purchase of new dwellings for owner occupation (trend) fell 5.6% in March 2011 compared with February 2011, following a fall of 5.4% in February 2011. The seasonally adjusted series rose 2.4% in March 2011, after falls of more than 8% in each of the three previous months.
Purchase of established dwellings (including refinancing across lending institutions)
The number of finance commitments for the purchase of established dwellings for owner occupation (trend) fell 1.9% in March 2011 compared with February 2011, following a fall of 1.8% in February 2011. The seasonally adjusted series fell 1.8% in March 2011.
Refinancing
The number of refinancing commitments for owner occupied housing (trend) fell 1.5% in March 2011 compared with February 2011, following a fall of 1.2% in February 2011. The seasonally adjusted series fell 3.0% in March 2011.
TYPE OF LENDER (OWNER OCCUPATION)
Banks
The number of commitments for owner occupied dwellings financed by banks (trend) fell 1.5% in March 2011 compared with February 2011, following a fall of 1.6% in February 2011. The seasonally adjusted series rose 0.1% in March 2011.
Non-banks
The number of commitments for owner occupied dwellings financed by non-banks (trend) fell 5.1% in March 2011, following a fall of 4.4% in February 2011. The seasonally adjusted series fell 12.3% in March 2011, following falls of more than 9% in each of the two previous months. The number of commitments for owner occupied dwellings financed by permanent building societies (trend) fell 4.0%. The seasonally adjusted series rose 0.5% in March 2011.
HOUSING LOAN OUTSTANDINGS
At the end of March 2011, the value of outstanding housing loans financed by authorised deposit-taking institutions (ADIs) was $1,074,328m, up $11,503m (1.1%) from the February 2011 closing balance. Owner occupied housing loan outstandings financed by ADIs rose $8,798m (1.2%) to $751,144m and investment housing loan outstandings financed by ADIs rose $2,705m (0.8%) to $323,184m.
Bank housing loan outstandings rose $8,890m (0.9%) during March 2011 to reach a closing balance of $1,018,866m. Owner occupied housing loan outstandings of banks rose $6,404m (0.9%) to $706,263m and investment housing loan outstandings of banks rose $2,486m (0.8%) to $312,603m.
Saturday, May 14, 2011
5 Major Currency Plunged Toward USD
King Raises Inflation Forecast – Boosts the Pound
Mevyn King surprised and raised the long term inflation forecasts in the BOE Inflation Report. The report also states that GDP is better than reported. This boosts GBP/USD that broke above resistance. Update.