Australia December 2017 Retail sales m/m -0.5 % vs -0.2% expected

by | February 6th, 2018, 00:31:32 | Australia, Economic Data | 4 comments

Australian retail sales data on 6 February 2018

  • prior m/m figure 1.2%
  • Retail sales QoQ 0.9% vs 0.8% exp, prior 0.1%

It surprised last time with Aud reacting pretty fiercely by 0.5% up. This time we’re giving some back , AUDNZD now through 1.0830 support 1.0815 and my small long is gone

K-man
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4 Comments

  1. K-man
    K-man on February 6, 2018 at 1:48 am

    I bought these AUDNZD back where the stop was. Trade balance was negative but with a more active economy . Don’t see to much reason for NZD to trade stronger than AUD at this point. Stop will be lowered to through 1.0800

  2. Stéphane
    Stéphane on February 6, 2018 at 6:01 am

    Hello K-man! In the calendar, I have the retail sales qoq at 0.9% and not 0.0%. The big miss is in the monthly report, it should be a surprise (because of Christmas time) but, if I’m right, I remember that the big surprise in November was because of new events in Australia, like black friday and many other huge promotions, so did the aussie buy their Christmas purchases earlier? It could be an answer. And audnzd seems to go down again… until the next fibo you wrote about yesterday?

    • Ryan Littlestone
      Ryan Littlestone on February 6, 2018 at 9:34 am

      You’re quite right Stephane. I’ll let him off as he was up late covering it 😉

    • K-man
      K-man on February 6, 2018 at 9:51 am

      Hi Stéphane , serious typo there sorry (0 just next to the 9 my bad), I was pretty sure I typed 0.9 then. There are some July and Sep ’16 tops right here but yeah the next reasonable support is at 1.0721= 61.8% of the July-Nov rally. Have a good one and thanks for pointing out the typo

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