Australian Retail Sales rose 0.4% in January
Australian Retail Sales rose 0.4% in January 2015. This was in line with market predictions. It follows a rise of 0.2% in December 2014 and a relatively unchanged (0.0%) November 2014. The following industries rose in trend terms in January 2015: Household goods retailing (0.3%), Food retailing (0.1%), Clothing, footwear and personal accessory retailing (0.7%), Cafes, restaurants and takeaway food services (0.3%) and Department stores (0.5%). Other retailing (-0.2%) fell in trend terms in January 2015.
Separate report on Trade Balance showed $980 million deficit in line with market forecasts. In seasonally adjusted terms, goods and services credits rose $343m (1%) to $27,529m, while goods and services debits rose $820m (3%) to $28,509m.
Data did not have any major impact on Aussie with Aussie remaining above 0.78 handle. Pair is likely to find support around 0.7770 and resistance above 0.7850 level. Later today, in the US session, Unemployment Claims figures are scheduled for a release.
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