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Key Australian data coiming next Wednesday - TD Securities

FXStreet (Łódź) - Tim Davis, Vice President, Global Strategist at TD Securities remarks that the most important Australian data next week will be the release of the Financial Stability Review (FSR) and Skilled Vacancies for August on Thursday.

Key quotes

"For the FSR, we will search for the RBA’s appetite to employ macro prudential tools, given it has raised concern with the pick up in house prices."

"We believe the Bank has little interest to deploy such an initiative."

"On Skilled Vacancies, we use this this release as one of our forward looking indicators of Employment demand."

"It has been forecasting a pick up in employment for months now, and while the 121k jump in employment for August may be ’unbelievable’ another positive Skilled Vacancies outcome will be viewed again as a positive lead."

United States CB Leading Indicator (MoM) below forecasts (0.4%) in August: Actual (0.2%)

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