1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Australian Retail Sales

Discussion in 'Economic Indicator Descriptions' started by Felix Homogratus, Nov 2, 2009.

Thread Status:
Not open for further replies.
  1. Felix Homogratus

    Felix Homogratus Commander in Chief

    Joined:
    Oct 1, 2007
    Messages:
    153
    Likes Received:
    5
    Australian Retail Sales comes out once per month.

    As the name suggests, this economic indicator measures the amount of money consumers spent in stores, restaurants, movies, and other retail outlets. Then the amount is measured against the amount for previous month, and a percentage is derived of whether it's more or less. If the retail sales this month are higher than previous month, the percentage number is positive. If the retail sales this month are lower than previous month, the percentage number is negative.

    Strong retail sales means healthy economy and confident consumers. This also means that most likely inflation is going to pick up, and the government will be forced to raise interest rates. And when a country has high interest rates, there is much more interest to invest into their currency, so the demand for currency increases, and subsequently, the currency goes up.

    This means that higher than expected number in retail sales is good for Australian dollar, and thus AUD/USD will have a tendency to go up. Lower than expected number is bad for Australian dollar, and thus AUD/USD will have a tendency to go down.

    This indicator is released by Australian Bureau of Statistics. You can visit their website through this link: Australian Bureau of Statistics

    If you want me to email you 1 day before this report is released, and explain to you in details on how to trade it, then please sign up for my free trading signals by going to this link:
    Forex Daily Trading Signals - Forex Peace Army Forum

    In the signal, I tell you exactly how many pips the currency will most likely move, depending on the difference between expected and actual numbers.
     
Thread Status:
Not open for further replies.

Share This Page