US Core Retail Sales is a high impact tradable release, the last high impact tradable release for the week, and perhaps for the month as Chrismas holidays are approaching. With liquidities thinning out, so unless we get our tradable deviation, I’d recommend just staying out of the market.
Here´s the forecast:
8:30am (NY Time) US Core Retail Sales Forecast 0.3% Previous 0.2%
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 | December 14, 2017 | Forex Trading
December 10, 2017 by Leave a Comment