We’ll be getting the Retail Sales figure from Australia today once again, and if you’ve been following news out of Australia, you’d know that Retail Sales has been a sticky point for aussie economy that a strong improvement may change the short term trend for the currency.  Here’s the forecast:

9:30pm NY Time  AU Retail Sales    Forecast 0.3%      Previous 0.6%
ACTION: AUD/USD       BUY 0.9%      SELL -0.3%

We’ll be getting the Retail Sales figure from Australia today, and if you’ve been following news out of Australia, you’d know that Retail Sales has been a sticky point for aussie economy that a strong improvement may definitely change the short term trend for the currency.  Here’s the forecast:

9:30pm NY Time  AU Retail Sales    Forecast 0.3%      Previous 0.3%
ACTION: AUD/USD       BUY 0.9%      SELL -0.3%

8:30pm NY Time  AU Retail Sales    Forecast 0.3%      Previous 1.2%
ACTION: AUD/USD       BUY 0.9%      SELL -0.3%

We’ll be looking for a possible trade on the Australian Retail Sales m/m release and we are looking for a minimum deviation of 0.6% from the forecast release of 0.3%. If we get a 0.9% (or better) or -0.3% (or worse), we’d get in either on a LONG or SHORT trade depending on the release with a high probability of seeing the market move over 50 pips in the next 2 hours.

7:30pm NY Time AU Retail Sales  Forecast 0.8%   Previous -0.7%
ACTION:         BUY 1.4%      SELL 0.2%      AUD/USD

We’ll be looking for a possible again today on the Australian Retail Sales m/m release and we are looking for a minimum deviation of 0.6% from the forecast release of 1.0%. If we get a 1.6% or 0.4%, we’d get in either on a LONG or SHORT trade depending on the release with a high probability of seeing the market move over 50 pips in the next 2 hours.