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Australia’s business conditions surged to the highest on record - BBG

Bloomberg offers fresh insights on the Australian NAB Business conditions data that surged to the highest levels on record.

Key Points:

Australian business conditions surged to the highest on record.

Driven by spikes in sales and profitability.

The data reinforced signs of a strengthening labor market and pickup in investment.

The report came with a caveat: leading indicators suggest the possibility of some pull-back in coming months.

EUR/USD gathers pace for a test of 1.1700 ahead of key risk events

The bears continue to guard the 1.1680 resistance, prompting the EUR/USD pair to enter a phase of consolidation in Asia, as investors remain in a wait
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EUR/USD - Risk reversals shed bearish bias, Vols spike

Risk reversals and Vols One-month 25 delta risk reversals rose to -0.025. The improvement from the recent low of -0.225 (Nov, 7 low) indicates fall
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