Macroeconomics  |  January 09, 2013 09:51:24

Retail sales in Australia have lost Australian retail sales in November fell surprisingly by 0.1 percent. Majority consensus expected sales growth of approximately 0.3 percent. Australians mostly stopped spending on clothes and household items. Low interest rates so far failed to start shopping sector.
Today's data published by the Australian Bureau of Statistics showed that sales in November fell to 21.533 from 21.554 billion Australian dollars. Year-retail sales slowed to 2.9 percent.
Reserve Bank of Australia in October and December last year, reduced interest rates and reduced interest rate to a record 3 percent. However, demand for loans remains low and the housing market is also very successfully. The economic situation is starting to create additional incentives for speculation in the Australian economy.
Australian dollar yesterday failed to give any direction, and we had two days oscillates between 1.0510 and 1.0474. You are currently moving at resistance and it is possible that re neustojí market pressure and drops back. From a technical standpoint, there should pair AUD / USD first clear break above / below these price limits, it starts at least a short-term trend. Stochastiku to create a so-called rising wedge, which in normal conditions when trading using chart formations as for sale. Hopefully today's session we have a little glimpse of the further development of this couple.
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