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03.09.2019 18:18

Australia's GDP likely to grow 0.5% in Q2 – ANZ

Analysts at ANZ note that after the release of key partial indicators of Australian economy this week, they are expecting a growth in GDP of 0.5% q/q in Q2, which would see annual growth edge down to 1.4% which would be the slowest pace since the GST.

  • “This is a slightly better outcome than we thought last week. The main new pieces of information since our preliminary forecast last week are stronger government spending, net exports and profits, which more than offset the weakness in inventories.”


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Forex is open 24 hours a day, 5 days a week (except national holidays), and it can be broken up to the following four regional markets: Australia and Oceania, Asia, Europe, and America. A Forex trading session opens at 23:00 GMT on Sunday in Japan and closes at 22:00 GMT on Friday in the USA.

 
Session Financial Centres UTC/GMT
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Pacific Wellington 19:00 04:00 22:00 07:00 22:00 07:00
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Sydney 21:00 06:00 00:00 09:00 00:00 09:00
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Asian Tokyo 23:00 08:00 02:00 11:00 02:00 11:00
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Hong Kong, Singapore 00:00 09:00 03:00 12:00 03:00 12:00
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European Frankfurt, Zurich, Paris 06:00 15:00 09:00 18:00 9:00 18:00
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London 07:00 16:00 10:00 19:00 10:00 19:00
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American New York 12:00 21:00 15:00 00:00 15:00 00:00
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Chicago 13:00 22:00 16:00 01:00 16:00 01:00