Annette Beacher, Chief Asia-Pacific Macro Strategist at TD Securities, notes that Australia’s June and June quarter retail sales outpaced TD and consensus expectations. Key Quotes “Sales rose by +0.4%/m (TD +0.4%, mkt +0.3%) while Q2 volumes jumped by +1.2%/q (TD +0.7%/q, mkt +0.8%/q).” “Sales volumes growth occurred across all the states, led by NSW (+0.5%pts) and Vic (+0.4%pts).” “This rebound will relieve the RBA as the pace of consumer spending tends to be the #1 risk to the Bank’s outlook. After decent Q2 trade, the RBA can maintain its glass-half full stance in next week’s Board statement and the Statement on Monetary Policy.” “Our Q2 GDP tracking is +0.9%/q or 3.0%/y, with construction and Capex released at the end of the month. We see at least 3% GDP growth this year and next via non-mining investment, public infrastructure and exports.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Oil holding steady after Thursday’s recovery, bull run ends just shy of $70.00 FX Street 5 years Annette Beacher, Chief Asia-Pacific Macro Strategist at TD Securities, notes that Australia's June and June quarter retail sales outpaced TD and consensus expectations. Key Quotes "Sales rose by +0.4%/m (TD +0.4%, mkt +0.3%) while Q2 volumes jumped by +1.2%/q (TD +0.7%/q, mkt +0.8%/q)." "Sales volumes growth occurred across all the states, led by NSW (+0.5%pts) and Vic (+0.4%pts)." "This rebound will relieve the RBA as the pace of consumer spending tends to be the #1 risk to the Bank's outlook. After decent Q2 trade, the RBA can maintain its glass-half full stance in next week's Board statement and the Statement… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
