Friday, January 06, 2012

Norwegian Retail Sales and Industrial Production - mixed reading EURNOK trends slowly down

Industrial Production was higher but Retail Sales was lower. There were 6 data points in total which were quite mixed, so it a bit confusing and with NFP ahead not really a trade work the risk. Despite this its included on this blog for reference.

Here is the data:
Norway Ind Production SA MoM
Estimates: Median -0.1% Average +0.4% Range -0.5% to +2.4%
Actual: +0.2% Prior: -0.8%
Norway Ind Prodcution WDA YoY
Actual: +0.4% Prior: +0.7%
Norway Industrial Prod. WDAJ YOY
Actual: -1.2% Prior: -5.7%
Norway Industrial Production SA MoM
Actual: +1.2% Prior: -1.8%

Norway Retail Sales - vol sa (MoM)
Estimates: Median +0.3% Average +0.2% Range -0.4% to +0.6%
Actual: +0.1% Prior: +0.7% No Revisions
Norway Retail Sales Vol. nsa. (YoY)
Actual: +0.9% Prior: +1.2% No Revisions

Here is a 5 min chart of the EURNOK:

and here is a 15 minute chart of EURNOK which shows how the move on the pair started to trend lower from the asian session thru the european and american sessions into the close of the week:

No comments: