8:30am NY Time Core Retail Sales Forecast 0.4% Previous 0.0%
ACTION: USD/CAD BUY -0.2% SELL 1.0%
We’ll be looking to trade the Core Retail Sales release and not the headline release today; the core release as a forecast expectation of 0.4% with a previous release at 0.0%. Core Retail Sales release is a month on month release, and basically it’s a measurement of the activities at the retail level of Canada, excluding most volatile Automobile Sales Components, which makes up about 25% of the Headline or Retail Sales release. A better release generally means more consumer spending, which leads to better economy, thus better for its currency. And of course the CORE reading provides a far more accurate look of the actual economy as the automotive component could fluctuate per season.
This is a preview of Canada Retail Sales m/m 02/19/2010. Read More...
8:30am NY Time Canada Core Retail Sales Forecast 0.3% Previous 0.2%
ACTION: USD/CAD BUY -0.3% SELL 0.9%
We’ll be focusing on Core Retail Sales release from Canada and not the headline release; the core release as a forecast expectation of 0.3% with a previous release at 0.2%. Core Retail Sales release is a month on month release, and it’s a measurement of the activities at the retail level of Canada, excluding most volatile Automobile Sales Components, which makes up about 25% of Retail Sales headline number. A better release means more consumer spending, which leads to better economy, thus better for its currency. And of course the CORE reading provides a far more accurate look of the actual economy as the automotive component could fluctuate per season.
This is a preview of Canada Core Retail Sales m/m 01/22/10. Read More...
8:30am NY Time Canada Core Retail Sales Forecast 0.4% Previous 0.5%
ACTION: USD/CAD BUY -0.2% SELL 1.0%
We’ll trade the Core Retail Sales release from Canada and not the headline release; the core release as a forecast expectation of 0.4% with a previous release at 0.5%. Core Retail Sales release is a measurement of the activities at the retail level of Canada, excluding most volatile Automobile Sales Components, which makes up about 25% of Retail Sales headline number. A better release means more consumer spending, which leads to better economy, thus better for its currency. And of course the CORE reading provides a far more accurate look of the actual economy.
This is a preview of Canada Core Retail Sales m/m 11/23/09. Read More...
We’ll trade the Core Retail Sales release from Canada, not the headline release, which has a consensus expectation of 0.6% instead of the 0.5%. Core Retail Sales release is a measurement of the activities at the retail level of Canada, excluding most volatile Automobile Sales Components, which makes up about 25% of Retail Sales headline number. A better release on the Retail sales number means more consumption, which leads to better economy, thus better for its currency. And of course the CORE reading provides a more accurate look of the actual economy.
This is a preview of Canada Core Retail Sales m/m 10/22/09. Read More...
Our focus will be on the Core Retail Sales release, which is a measurement of the activities at the retail level of Canada, excluding most volatile Automobile Sales Components, which makes up about 25% of Retail Sales headline number. A higher Retail sales number means better economy, thus better for its currency. And of course the CORE reading provides a more accurate look at the retail spending of the economy.
This is a preview of Canada Core Retail Sales m/m 09/22/09. Read More...
My focus will be on Retail Sales Core, which is a measurement of the activities at the retail level of the nation, excluding volatile Automobile Sales Components, which makes up about 25% of Retail Sales headline number. A higher Retail sales number means better economy, thus better for its currency.
My surprise factor (Deviation) will be 0.6% on the Core number. If my surprise factor is hit, we can expect the market to move 40 pips within the hour, with a historical accuracy of 82%. With USD/CAD at the current level testing the psychological support at 1.1000, we will be looking mainly for LONG USD/CAD trades as the potential for further strength of the CAD is somewhat limited.
This is a preview of Canada Core Retail Sales 07/22/09. Read More...
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