OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: Australian Retail Sales drag AUD/USD – Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that Australian retail sales fell 0.2% in December, after a 0.2% fall in November and below expectations.

He writes, “Coming after a relatively dovish RBA statement yesterday, this has dragged AUD/USD closer to the bottom of its 1.03-1.06 range, despite the US equity bounce. AUD always looks awful at the bottom of its range, but if we break below 1.03 a move to parity is possible and the EUR/AUD chart looks pretty compelling for a spike to 1.35.”

Forex Flash: Euro upside eases this week as unease grows – BTMU

Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ notes that Euro upward momentum has eased early this week although its recent strengthening trend is prompting increasing unease amongst European policymakers.
Read more Previous

EMU: Retail Sales drop more than expected in December

On an annual basis Eurozone Retail Sales fell for the 20th running month by 3.4% in December, following -1.9% according to data released today by Eurostat. Analysts expected less decline of -1.1%.
Read more Next
Start livechat