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The Australian economy released the data for the monthly building approvals, where it massively declined to -1.0% compared with the prior month's reading of 8.4%, which was revised to 10.1%, also it missed expectations of 2.0%.
Also, the annual figures for the building approvals was released as well, where it fell to -24.5%, compared with the prior reading of -18.9%, which was revised to -17.5%, also it missed expectations of -22.1%.
Technical analysis for precious metals with major support and resistance levels and recommendations for 18-08-2009
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