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10.09.2019 18:39

Australia’s business conditions weaken, confidence down – Westpac

Andrew Hanlan, an analyst at Westpac, notes that Australia’s NAB business survey for August shows that policy stimulus has yet to provide a boost to the economy as in a surprise result, conditions not only failed to rise but weakened further.

  • “The business conditions index fell, down by 2pts to +1. This, a below-average reading, is the softest result since 2014.
  • Business confidence fell by 3pts to +1, a well below average reading. Confidence has evaporated against a challenging domestic backdrop and a deteriorating and uncertain global environment.
  • The NAB survey indicates that the weaker economic conditions evident in 2019 have extended well into the September quarter.”


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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