Forex News Trading and Currency Training Analysis Video
We’ll be getting the Core Retail Sales (and Retail Sales) figure out of U.S. today, as high impact news releases are concerned, Retail Sales makes up about 2/3 of U.S. GDP (economy)… Here’s the forecast:
8:30am (NY Time) US Core Retail Sales Forecast 0.3% Previous -0.1%
ACTION: USD/JPY BUY 0.9% SELL -0.3%
Here is a basic plan to trade US Core Retail Sales which is scheduled to be released at exactly 8:30am NY Time, and here are the forecasts:
8:30am (NY Time) US Core Retail Sales Forecast 0.2% Previous 0.4%
ACTION: USD/JPY (CORE) BUY 0.8% SELL -0.4%
We’ll be focusing on the Core Retail Sales figure out of U.S. today. Since we have both retail sales (healine and core, also know as ex auto) scheduled to be released at the same time, we should concentrate on the Core Release as it’s a better picture of the retail activities. However, it’s important to make sure there is no conflict between both releases or we should just stay out of the market until a new direction has been established.
Here is a basic plan to trade US Core Retail Sales and Core CPI releases scheduled for tomorrow at exactly 8:30am NY Time. Because of the schedule conflict this week due to early month holidays, we have two high impact releases from U.S. today, and here are the basic forecasts:
8:30am (NY Time) US Core Retail Sales Forecast 0.5% Previous 0.8%
8:30am (NY Time) US Core CPI Forecast 0.1% Previous 0.1%
ACTION: USD/JPY (CORE) BUY +CPI + Retail SELL -CPI -Retail
8:30am (NY Time) US Core Retail Sales Forecast 0.1% Previous 0.6%
8:30am (NY Time) US Retail Sales Forecast -0.1% Previous 0.5%
ACTION: USD/JPY (CORE) BUY 0.7% SELL -0.%
We’ll be focusing on the Core Retail Sales figure out of U.S. 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’s a better picture of the retail activities. However, it’s important to make sure there is no conflict between both releases or we should just stay out of the market until a new direction has been established.
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.
8:30am (NY Time) US Core Retail Sales Forecast 0.3% Previous 1.2%
8:30am (NY Time) US Retail Sales Forecast 0.4% Previous 1.3%
ACTION: USD/JPY (CORE) BUY 1.0% SELL -0.3%
We’ll be focusing on the Core Retail Sales figure out of U.S. today. We have both retail sales (healine and core, also know as ex auto) scheduled to be released at exactly 8:30am along with Trichet’s press conference; however, since Trichet may delay his press conference a bit, we should focus on this news and then possibly go back to Trichet later. Obviously it is important to trade other pairs than the EUR/USD.
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