Q4 CAPEX Private business capex spending reportedly edged higher to upbeat the forecasts in the quarter, up about 0.8%, to be 16.4% below the level of a year ago.
Mining capex retreated by almost 25% in 2015, following falls of 16% in 2014 and 7% in 2013.
Capex spend at $14.6bn at the end of 2015 is still well above the $3bn level prevailing in 2004. Service sector capex spending declined in 2015, down 7% on this measure, having rebounded by 17% in 2014.
Q4 real CAPEX: +0.8% (mkt -3%) 2015/16 plans: Estimates 5 $124bn, -18%.
2015/16 plans: Estimates 5 $124bn, -18% 2016/17 plans: Estimates 1 $87bn, -19.5%.
Technical glimpse:
AUD/USD is attempting to break support at 0.7170, we think if it manages to break below decisively on a closing which would likely create more bearish potential in days to come.
On intraday terms, 21MA has just crossed over 7MA to signal sell call, while MACD signifies the ongoing downtrend to prolong further.
Stochastic and RSI noise with strong momentum to signal selling pressures.
On speculative basis, one can use one touch binary puts for targets of 35-40 pips with ease.
While on delivery basis, if the pair does not manage to hold onto 0.7170 and next at 0.7128, then 0.7020 in near terms is quite possible bet.
