Friday's session brought Australian Retail Sales data. The latest Australian Bureau of Statistics (ABS) Retail Trade figures showed that Australian retail turnover rose 0.5% in October 2015 following a rise of 0.4% in September 2015, seasonally adjusted. Analysts were forecasting 0.4% increase. The trend estimate for Australian retail turnover rose 0.3% in October 2015 following a 0.3% rise in September 2015. The trend estimate rose 3.9% in October 2015 compared to October 2014.
US session was marked by
NFP and
Trade Balance figures.
The goods and services deficit was $43.9 billion in October, up $1.4 billion from $42.5 billion in September, revised. October exports were $184.1 billion, $2.7 billion less than September exports. October imports were $228.0 billion, $1.3 billion less than September imports.
USD was pushed higher after 211,000 increase in payrolls which followed a 298,000 gain in October that was bigger than previously estimated, a Labor Department report showed Friday. The median forecast called for a 20001,000 advance. The jobless rate held at a more than seven-year low of 5%.Employment in November was spurred by the biggest increase in construction hiring since January 2014. Retailers, health-care providers and leisure and hospitality companies added jobs at a healthy, but slower pace than in October.
Monday will bring only ANZ Job Advertisements figures. Analysts are hoping for another good reading as a good sign ahead of job figures on Thursday. There will be no major data releases in the US session.
Figures to watch:
ANZ Job Advertisements (Monday 1:30)
