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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%
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.
8:30am (NY Time) US Core Retail Sales Forecast 0.5% Previous 0.2%
8:30am (NY Time) US Retail Sales Forecast 0.6% Previous 1.4%
ACTION: USD/JPY or USD/CHF (CORE) BUY 1.1% SELL -0.1%
We will be trading Retail Sales release 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, and it is important that there is no conflict with these numbers or this will be an automatic no trade. The Core release is usually more accurate reflection of the activities at the retail level because it excludes the volatile Automotive components; the headline Retail Sales should be in the same direction as of the Core reading.
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.
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