Analysts at TD Securities note that there was mixed news from the Australian retail sales, with a decent +0.3% m/m increase, but volumes at -0.1% q/q implies (1) a terrible start for Q1 GDP and (2) that there must be price increases in there for volumes to be so soft. Key Quotes “Separately, Australia registered a strong trade surpluses with Feb revised up to $A5.14b and today’s release revealing the March surplus at a substantial +$A4.949b despite exports dropping -2%.” “Our tracking for Q1 current account deficit is a thin -0.5% of GDP, the smallest since 1975, while net exports are expected to add +0.1% to GDP. Unfortunately with flattish consumer spending, our Q1 GDP tracking is pointing to only +0.3% q/q or 1.6% y/y.” 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 US Dollar Index flirting with daily lows around 97.40 FX Street 3 years Analysts at TD Securities note that there was mixed news from the Australian retail sales, with a decent +0.3% m/m increase, but volumes at -0.1% q/q implies (1) a terrible start for Q1 GDP and (2) that there must be price increases in there for volumes to be so soft. Key Quotes "Separately, Australia registered a strong trade surpluses with Feb revised up to $A5.14b and today's release revealing the March surplus at a substantial +$A4.949b despite exports dropping -2%." "Our tracking for Q1 current account deficit is a thin -0.5% of GDP, the smallest since 1975, while net exports… 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.
