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.
Click on post title above to read the full article.
Our focus will be on the 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. It is important that there is no conflict with the numbers between in order for us to get into a trade. The Core release is more accurate reflection of the activities at the retail level because it excludes the seasonal Automotive components; the headline Retail Sales should be in the same direction as of the Core reading, and the headline is currently forecasted at 1.0% with a previous release of -2.1%.
Click on post title above to read the full article.
Since we have both retail sales coming out at 8:30am, we have to make sure there is no conflict with the numbers between the headline and core releases in order for us to get into a trade. Usually the Core Retail Sales is more accurate reflection of Retail sales because it excludes the Automotive components, which could be influenced by the recent “CASH FOR CLUNKERS” program, which has used up all of the funds allocated for it by the government; therefore the headline Retail Sales should be significantly higher than the Core Retail Sales, as the Headline number is expected to be at 1.9% (E). However, the US Core Retail Sales is the real focus of the economy which is a measure of real consumer discretionary spending.
Click on post title above to read the full article.
Since we have both retail sales coming out at 8:30am, we have to make sure there is no conflict with the numbers between the headline and core releases in order for us to get into a trade. Usually the Core Retail Sales is more accurate reflection of Retail sales because it excludes the Automotive components, which could be influenced by the recent cash for clunker program. US Core Retail Sales is the real focus of the economy which is a measure of consumer discretionary spending.
Click on post title above to read the full article.
Forex News Trading US Advanced GDP 01/27/12 Here is the forecast for the US Advanced GDP q/q :
8:30am (NY Time) US Advance GDP q/q
Forecast 3.0% Previous 1.8%
ACTION: SELL ... (2190)
