US Core Retail Sales m/m 02/12/10

8:30am (NY Time) US Core Retail Sales    Forecast 0.4%  Previous -0.2%
8:30am (NY Time) US Retail Sales                            Forecast 0.4%      Previous -0.3%
ACTION: USD/JPY  (CORE)    BUY 1.0%        SELL -0.2%

We’ll be trading Core Retail Sales figure out of U.S. once again today. Since we have both retail sales (healine and core, also know as ex auto) scheduled to be released at exactly 8:30am, we should concentrate on the Core Release as it provides a better picture of the retail activities than the headline Retail Sales release.  However, it’s important to make sure there is no conflict between both releases or we should just stay out of the market.

As the market is currently favoring USD over EURO, in case we have our BUY trigger for USD, we could either BUY USD/JPY or SELL EUR/USD; on the other hand, should the release turn out to be negative for USD, we should concentrate on a SELL USD/JPY trades as JPY is probably the only currency that will not be influenced by the safe-haven status of the USD.

DEFINITION:

“(Retail Sales Core) Derivative of Retail Sales that excludes the Automobile Sales component. Automobile Sales make up roughly 25% of Retail Sales, but they can be very volatile from month to month and can distort the picture. Retail Sales with the exclusion of this volatile component is thought to be a better indicator of the underlying trend in consumer spending.”

Related posts:

1. US Core Retail Sales m/m 11/16/09
2. US Core Retail Sales m/m 12/11/09
3. US Core Retail Sales m/m 10/14/09
4. US Core Retail Sales m/m 09/15/09
5. Australian Retail Sales m/m 01/06/10
6. New Zealand Retail Sales m/m 11/11/09
7. UK Retail Sales m/m 08/20/09
8. UK Retail Sales m/m 01/22/10
9. UK Retail Sales m/m 12/17/09
10. New Zealand Retail Sales m/m 10/12/09