Australian Home loans for October -0.6% vs -2.0% estimate

Home loans for the month of October.

  • Home loans for October -0.6% versus -2% estimate.  Prior month -2.3%
  • Investment lending +1.6% versus -6.2% last month
  • Owner occupier loan values.  0.0% vs -2.1%

Negative number for home loans but much better than expectations.  
The AUDUSD remains near low levels for the day — stalling ahead of the 0.7500 area.  Yesterday, the pair fell below swing lows from November 17 and November 21 at 0.75319 and 0.7535. The fall below that area made the level a ceiling, before sellers took more control and moved the price lower.  Stay below is now more bearish..

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