US Core Retail Sales is usually a strong market mover and considering the positive surprise on last Friday’s Nonfarm Payroll Report, we could expect a stronger than expected release today…
Here´s the forecast:
8:30am (NY Time) US Core Retail Sales Forecast 0.7% Previous 0.1%
The Trade Plan
We will trade this news release using after news retracement method, I will pay attention to both headline and Core Retail Sales figures, but my focus will be on the Core figure. Remember to use the recommended pair above and verify the pairs to trade 1 minute before the release, or you can just use the default pair of USDJPY or EURUSD.
For more information on my trading method: http://www.currencynewstrading.com/how-to-get-started-with-news-trading/
I’d recommend to use the Recommended Pairs from above as they are based on my CSM, which should provide the best combination of currency pairs to trade based on better/worse news… of course, you can also trade the default pair: EURUSD.
US Core Retail Sales | June 11, 2015 | Forex News Trading
June 8, 2015 by Leave a Comment