The Traderszone Network

Australia – Retail Sales for February come in at a terrible miss, down 0.1% m/m
– expected +0.3% 
– prior +0.4%
For the y/y, up 2.7%
–

Lowest since July of 2013
RBA Governor Lowe has been expressing concern over slow consumption growth, citing high debt levels as a  constraint. Also slow wage growth. Retail is a big part of the domestic economy, today’s data point is bad news.

Up 8.3% month on month, a huge beat
– expected -1.5% m/m and +2.2% was the prior, revised from +1.8%
– Private sector house approavals up 5.3% on the month
Down 4.9% for the year on year

Up 8.3% month on month, a huge beat
– expected -1.5% m/m and +2.2% was the prior, revised from +1.8%
– Private sector house approavals up 5.3% on the month
Down 4.9% for the year on year

Australia – ANZ’s job ads, for March +0.3% m/m
– prior was -0.8%, revised from -0.7%
    
For the y/y the index is up 7%
ANZ comments:

Australia – ANZ’s job ads, for March +0.3% m/m
– prior was -0.8%, revised from -0.7%
    
For the y/y the index is up 7%
ANZ comments:

The dollar started the week on the back foot following lackluster U.S. data and comments from Federal Reserve officials.

The dollar started the week on the back foot following lackluster U.S. data and comments from Federal Reserve officials.