Developing story
AUD/USD has fallen and then gained around 10 pips on the Aussie data which arrived as follows:
Trade balance
- 05-Feb-2020 18:30:00 – AUSTRALIA DEC BALANCE GOODS/SVCS A$+5,223 MLN, S/ADJ (REUTERS POLL: A$+5,950 MLN)
- 05-Feb-2020 18:30:00 – AUSTRALIA DEC GOODS/SERVICES EXPORTS +1 PCT M/M, SEASONALLY ADJUSTED
- 05-Feb-2020 18:30:00 – AUSTRALIA DEC GOODS/SERVICES IMPORTS +2 PCT M/M, SEASONALLY ADJUSTED
Retail Sales
Australia Retail Sales excluding inflation for Q4: 0.5% qoq (expected 0.3%)
Description
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.
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