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Forex News Preview: NAB Business Confidence due out at 9:30 PM EDT

Posted by Greg Michalowski on Mon, 07/07/2008 - 4:52pm in

Forex
NAB Business Confidence

The National Australia Bank Business Confidence will be released at 9:30 PM EDT. Last month the index came in at -4. This was the 5th month in a row that the index has been negative but the level was higher than the recent lows of -8.0. A negative number means those business seeing a weaker economy outnumber those expecting a growing one.

There is no estimate for todays figures. However, the recent change in Job Advertisements and Construction PMI came in weak yesterday.