{"id":140300,"date":"2019-01-18T10:46:57","date_gmt":"2019-01-18T15:46:57","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=140300"},"modified":"2019-01-18T07:48:02","modified_gmt":"2019-01-18T12:48:02","slug":"au200-analysis-rising-retail-sales-bullish-for-australian-stock-index","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/01\/au200-analysis-rising-retail-sales-bullish-for-australian-stock-index\/","title":{"rendered":"AU200 Analysis: Rising retail sales bullish for Australian stock index"},"content":{"rendered":"
January 18, 2019<\/div>
\r\n<\/div><\/div>

By IFCMarkets<\/a><\/strong><\/p>\n

Rising retail sales bullish for Australian stock index<\/strong><\/p>\n

Retail sales rose in Australia in November. Will the AU200 <\/a> stock index continue rebounding?<\/p><\/blockquote>\n

Latest data from Australia were positive on balance: retail sales rose in November and home loans contracted less than expected. Retail sales rose 0.4% on month to 5-month high when a steady growth at 0.3% was expected. And home loans slipped 0.9% on month when a 1.5% contraction was forecast. On the other hand consumer confidence deteriorated: consumer sentiment index fell from 104.4 in December to 99.6 in January. Rising consumer spending is bullish for Australia\u2019s stock market index.<\/p>\n

\"AU200<\/p>\n

On the daily timeframe AU200: D1 <\/b> is rallying after hitting twenty-five-month low in the end of December. The price is above the resistance line and the 38.2 Fibonacci level.<\/p>\n