Australian retail sales data due today – “risk firmly to the downside”
Australian retail sales data are due at 0030 GMT (this is 1930 US ET and 11.30am in Sydney): Snippet from National Australia Bank’s preview: Shifting seasonal patterns put the risk firmly to the downside in our view, and NAB pencils in a -1.0%, but with high uncertainty. Black Friday pulling spending into November drove the […]
Extends recovery firmly to near 141.50
The Euro bulls are showing strength ahead of the German GDP data release. A recovery move above the 20-EMA indicates the short-term trend is bullish. The RSI (14) is still in the 40.00-60.00 range, showing the absence of a potential trigger. The EUR/JPY pair sensed a significant buying interest after dropping to near the four-day […]