Australia retail sales turnover dropped sharply by -3.9% mom to AUD 34.47m in December, much worse than expectation of -0.3% mom. That’s the first contraction after 11 straight months of growth. Still, sales turnover remained elevated at its sixth highest level on record, and was up 7.5% yoy for the year. Ben Dorber, ABS head […]
The post Australia retail sales turnover down sharply by -3.9% mom in Dec appeared first on Action Forex.
EUR/USD’s decline continued to stall above 1.0199 fibonacci level last week. Initial bias stays neutral this week first. But outlook will remain bearish as long as 1.0435 resistance holds. Decisive break of 1.0199 will resume Read more…
USD/JPY edged higher last week but upside momentum diminished, as seen in 4H MACD, as it approached 61.8% projection of 139.57 to 156.74 from 148.64 at 159.25. Initial bias is turned neutral this week first. Read more…
GBP/USD’s downside acceleration last week and break of 1.2256 fibonacci level suggest larger bearish trend reversal. Initial bias stays on the downside this week. Next near term target is 100% projection of 1.3433 to 1.2486 Read more…