US Core Retail Sales is a high impact tradable release and since it’s scheduled at the same time as the Core CPI, I’d recommend paying close attention to both releases. Since either has the potential of really impacting the short-term market, unless we get a consensus, I’d recommend just staying out. At the end of the day, I would focus more on the CPI as its effects are considered long-term.
Here´s the forecast:
8:30am (NY Time) US Core Retail Sales Forecast 0.2% Previous 1.0%
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 using 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 | November 15, 2017 | Forex Trading
November 12, 2017 by Leave a Comment