When is Australia Retail Sales and how could the data affect AUD/USD? By anilpanchal7 Australia RetailSales RBA AUDUSD Events
ests a downbeat MoM print of 0.9% versus 1.6% prior readings, suggesting the lack of sustained improvement in economic activity after positing the softer outcome in March.data challenging the Reserve Bank of Australia’s hawkish bias, not to forget covid-led lockdowns in China, today’s Aussie Retail Sales appear the key for the AUD/USD traders.We expect retail sales in Australia to rise by 1.4% m/m in April, extending the 1.6% m/m gain in March.
It’s worth noting that softer-than-expected Aussie Retail Sales figures will weigh on the AUD/USD prices, especially after the pair’s recent difficulties in picking up bids. Alternatively, strong data might back the RBA’s hawkish bias and underpin further upside towards refreshing the weekly top above 0.7100.
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.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Apple raises retail hourly starting salary to $22 amid labor challengesUp from $20 previously.
Weiterlesen »
Apple is raising the pay of its corporate and retail staff | EngadgetApple will start paying its corporate and retail employees more likely in hopes that they won't leave the company to find better prospects..
Weiterlesen »
Apple says it will raise pay for corporate and retail employees in tight labor marketApple's move comes after Google, Amazon, and Microsoft have made changes to their compensation structures in recent weeks to pay workers more.
Weiterlesen »
Apple Discourages Retail Employees From Joining Unions in Internal VideoThe missive to employees is the clearest sign so far that the company is against employees entering into collective bargaining agreements.
Weiterlesen »
Apple VP discourages retail workers from joining a union in leaked videoIt’s making its anti-union stance clear.
Weiterlesen »
Stock futures trade mixed ahead of retail earnings, Fed minutesU.S. equity futures are set for a mixed open Wednesday morning after stocks struggled the day before on weak U.S. housing sales and a profit warning by a prominent social media brand.
Weiterlesen »