Australia Jan retail trade to reverse most of the previous fall - ANZ


Analysts at ANZ offer a brief preview of the Australian retail sales data for January that will be published at 0030 GMT tomorrow alongside the current account data and ahead of the RBA rate statement.

Key Quotes:

“We expect January retail trade reversed most of the previous month's fall.

Retail spending has been volatile in recent months, partly reflecting the changing pattern of sales (with Boxing Day sales perhaps less of a key event given Black Friday/Cyber Monday and discounting through December).

A result in line with our expectation would see retail sales rise by 2.6% y/y, a slight acceleration from December. The combination of lower petrol prices, stabilizing house prices and a solid rise in consumer confidence suggests a reasonable start to 2018 for consumers.”

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

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.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Feed news

Latest Forex News


Latest Forex News

Editors’ Picks

EUR/USD: Bears flirt with 1.1300 as USD tracks firmer yields

EUR/USD is holding lower ground below 1.1300 as the US dollar rebounds with the Treasury yields amid a mixed market mod. ECB’s Lagarde pushes back reflation fears, US NFP data fails to dash hawkish Fed bias. Omicron updates and Fed sentiment to lead the way amid a quiet start to the week.

EUR/USD News

GBP/USD holds steady above 1.3200 amid firmer US dollar

GBP/USD is trading flat above 1.3200, staging a modest bounce ahead of the London open. Hawkish Fed expectations underpinned the greenback and capped gains amid Brexit uncertainties. Bears might wait for a sustained break below 1.3200  before positioning for further losses.

GBP/USD News

Gold bears to test bulls’ commitments at critical resistance Premium

Gold price staged an impressive turnaround on the final trading day of the week, rebounding near $20 from near four-week troughs of $1,762 reached last Thursday. The move was largely seen as chart-driven, with a technical bounce seen after the recent downward spiral.

Gold News

Cardano price eyes 25% gains as on-chain metrics signal recovery

Cardano price is consolidating after a swift recovery from the December 4 flash crash. Investors can expect the next leg to set up a higher high and flip the narrative bullish. Moreover, on-chain metrics for ADA also suggest that this move is possible.

Read more

Cyber Monday 2021 Discounts!

Glued to your trading screen on Cyber Monday? Upgrade your skills by signing up for FXStreet’s Premium service, offered at a discount of up to 50%. Fellow traders have already taken advantage of Black Friday profits. What about you? 

Subscribe now!

Forex MAJORS

Cryptocurrencies

Signatures