Following weaker employment and recently released weaker GDP, trade balance & retail sales came weaker too as expected. AUD/USD is falling and going to complete the gartley pattern.
Australian retail turnover was relatively unchanged (0.0 per cent) in October 2019, seasonally adjusted, according to the latest Australian Bureau of Statistics (ABS) Retail Trade figures. This follows a rise of 0.2 per cent in September 2019. "There were falls for clothing, footwear and personal accessory retailing (-0.8 per cent), department stores (-0.8 per cent) and household goods (-0.2 per cent)," said Ben James, Director of Quarterly Economy Wide Surveys. "These falls were offset by rises in cafes, restaurants and takeaway food services (0.4 per cent) and food retailing (0.1 per cent). Other retailing was ... (full story)
DislikedYesterday GDP missing,today retail sales data & trade balance,aussie loosing the ground gain of 6850,if fail continues 6835-6800 levels ,break 6750,alternative of break resistance 6850,then move 6880-6900 levels.Ignored