9:30pm (NY Time) AU Retail Sales m/m Forecast 0.6% Previous -1.4%
ACTION: AUD/USD BUY 1.2% SELL -0.1%
If we get better release numbers for the Retail Sales, which is forecasted at 0.6%, it would be good for the AUD/USD and provide temporary support, we would BUY AUD/USD. If we get worse release numbers, somewhere in the -0.1% or worse, we will SELL AUD/USD.
The Australian Dollar has been on a quick route to ascension of due to its improved outlook and the rise of commodity prices. As both long and mid term outlooks for AUD/USD is upward, we should be looking for a LONG trade on a dip or a LONG trade in the event of a better release. I’ll recommend to stay away from SELLING the pair since it would be going against a strong sentiment, although from a contrarian trader point of view, it does look good for a short.
DEFINITION
“Measures the value of sales at the retail level. A rising trend has a positive effect on the nation’s currency because Retail Sales make up a large portion of consumer spending, which is a major driver of the economy and has a sizable impact on GDP. Traders payclose attention to Retail Sales because it is usually the first significant indicator of the month that relates to consumer behavior and is susceptible to surprises.”
[flv:http://www.newsprofiteer.com/090809-auretail/090809-auretail.mp4 480 360]
UPDATE: Actual release came out much worse than expected at -1.0%, which triggered an immediate SELL on AUD/USD. I was able to pickup 15 pips on Video, but by the looks of it, if I keep on trade running (which I intend to), I could see anywhere between 35~ 45 pips of profit by the end of the night. Watch this video and see how simple it is to trade this news…
Related posts:
- Australia Retail Sales m/m 12/02/09
- Australia Retail Sales Trading Plan 05/31/10
- Australia Retail Sales 03/30/2010
- Australia Retail Sales 02/03/10
- Australia Retail Sales m/m 03/01/2010
- Australia Retail Sales Forex Trading Plan 12/01/10
- Forex Strategy & Video For Australian Retail Sales 08/02/10
- Forex News Trading Australia Retail Sales m/m 08/31/11
- UK Retail Sales m/m 08/20/09
- Australian Retail Sales Forex Trading Strategy
{ 7 comments… read them below or add one }
Hi henry thanks for your answer
I am hunting for a good broker can you give me some recomendation please thanks.
Hi Henry
The video keeps breaking which has never happened before. Do you have similar complaints from others. Or is the fault to do with my system. Anyway, thanks for your emails and videos. Where can we get immediate news of broadcast? This is the second time I’ve post the same question. Help, please
Thanks
Try tradethenews.com Lena… Sometimes when a new VID is posted there are tons of people viewing it, so it may be slow, but should be better later on.
Hello Henry.
Thsnks a lot for tje link and the video with the trick. It looks very nice. it is a very good way to take advantage of the market
If we can see this kind of thinks in you dvd’s, i can’t wait for them.
Again, thanks and i am gona start using it right now.
See ya.
Hi Henry thanks for share your knowlege and time with us it is realy priceles i would like to know when are you going to open the trading room again thanks.
Eduardo:
In the next few weeks I’ll be sending out invites, so please make sure you are on my mailing list or you check this blog for updates, you can signup for my newsletter list at: http://www.newsprofiteer.com
This month for sure, so stay tuned.