When is Australia Retail Sales and how could it affect AUD/USD? – by anilpanchal7 AUDUSD Australia RetailSales Events RBA
suggests a stronger seasonally adjusted MoM print of 1.4% versus -3.9% prior, suggesting a sustained improvement in economic activity.
It should be noted that China’s official NBS Manufacturing PMI and Non-Manufacturing PMI, up for publishing around 01:00 AM GMT on Wednesday, also increases the importance of the Asia-Pacific economic calendar on Tuesday.An underlying slowdown in retail sales should continue to be evident in January despite recent volatility . AUD/USD struggles to defend the week-start recovery while portraying the pre-data anxiety around 0.6740 by the press time.
The Retail Sales released by the Australian Bureau of Statistics is a survey of goods sold by retailers based on a sampling of retail stores of different types and sizes and it's considered 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.
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