Australia’s Retail Sales comes in at -2.7% MoM in December vs. 2.0% prior

…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for FREE REGISTER to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level1)]

Australia’s Retail Sales, a measure of the country’s consumer spending, fell 2.7% MoM in December from the previous reading of a 2.0% rise, according to the official data published by the Australian Bureau of Statistics (ABS) on Tuesday. The figure came in weaker than the market expectation with a decrease of 0.9%.

Following Australia’s Retail Sales data, the AUD/USD pair is up 0.05% on the day at 0.6614.

The Retail Sales released by the Australian Bureau of Statistics is a survey of goods sold by retailers is based on a sampling of retail stores of different types and sizes and it”s considered as an indicator of the pace of the Australian economy. It shows the performance of the retail sector over the short and mid-term. Positive economic growth anticipates bullish trends for the AUD, while a low reading is seen as negative or bearish.

[/s2If]

The NEHCAP currently runs the following trading systems for clients. They can be bought and run on your funds.

The system is trading live: LIVE ACCOUNT TRACKING
Contact Us: Contact
The HFT_FIX can be run free for 2 weeks on any broker with a ECN. Apply for a free trial
Join Our Telegram Group