Australia’s building approvals unexpectedly rise in Oct

FXStreet (Mumbai) - The Australian Bureau of Statistics (ABS) showed that the seasonally adjusted estimate for total dwellings approved rose 3.9% in October, marking second consecutive monthly rise.

The seasonally adjusted estimate for private sector houses fell 2.1% in October while that of the private sector dwellings excluding houses rose 10.6% in Oct, extending the rise for the second month in a row.

Dec 1, 2015

CFTC Spec positioning: funds buying greenback - ANZ

In respect of the CFTC speculative positioning, Analysts at ANZ explained that for the fifth straight week, leveraged funds have been net buyers of USD.

GBP/USD: downside risks stacking up - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the Pound managed to bounce after testing the 1.5000 region against the greenback, with the pair having been as low as 1.4992 during the European morning. The bounce can be attributed to technical buying interest around the critical psychological figure rather than because of some sudden strength in the British currency.