The Fundamental FOREX Blog

On Wednesday, 12-02-09, at 7:30 PM ET the AUD Retail Sales m/m report was released alone.

This was my first posting of this AUD news report.

I posted a “preview” of this report on Wednesday, 12-02-09, click here to review.

The AUD Retail Sales m/m report is released by the Australian Bureau of Statistics.

Lets take a look at what is happening today:

AUD Retail Sales m/m Stats:

Previous = -0.2%

Forecast = 0.4%

Actual = 0.3%

Bad – lower then “forecast” by 0.1%

But, Good – higher then the “previous” by 0.5%

The “forecast” implied that the economists were feeling better about the future economy of Australia.

I had been looking for a 1.0% difference between the “actual” and the “forecast”, which transpired. However, I did not enter a trade – it just seemed a little confusing.

Here are the charts:

a one minute AUD/JPY currency chart

This AUD/JPY currency pair spiked down/up/down 1st minute -
moved down about 12 PIPS next minute – right direction.
moved up the next 24 minutes about 28 PIPS – wrong direction.

a one minute AUD/NZD currency chart

This AUD/NZD currency pair spiked up/down/up 1st minute -
moved up next 10 minutes about 17 PIPS – wrong direction.
Ranged

a one minute AUD/USD currency chart

This AUD/USD currency pair spiked up/down/up 1st minute -
Moved down about 9 PIPS in one minute – right direction.
Ranged.

a one minute EUR/AUD currency chart

This EUR/AUD currency pair spiked down/up/down 1st minute -
Ranged

The next scheduled release of this report is on Wednesday, 01-06-10 at 7:30 PM ET.

I will probably post a “preview” a day or two prior.

Past performances are not an indication of future results

I will write a “follow up” post soon after this release.

So—Stay tuned!