Release Explanation: Retail Sales is an important measure of consumer spending and inflationary pressures in Australia. Steady increases in retail sales apply significant inflationary pressures to consumer prices. With Retail Trade being the foremost indicator for consumer spending, this figure is extremely important in understanding Australia's economy.
Trade Desk Thoughts:  Australian retail turnover in the fourth quarter, adjusted for inflation, rose 0.8 percent in the third quarter. This is slightly lower than the 1.0 percent that analysts had been expecting. This report should be interpreted with caution as the December quarter saw the Federal Governments Economic Security Strategy Package go into effect.
Forex Technical Reaction: Once again, the Australian dollar has found some strength on the back of this release but is still trading below the neutral pivot point which is at the .6400 level.