8:30am CAD Core Retail Sales Forecast 0.4% Previous -0.5%
My focus will be on Retail Sales Core, which is a measurement of the activities at the retail level of the nation, excluding volatile Automobile Sales Components, which makes up about 25% of Retail Sales headline number. A higher Retail sales number means better economy, thus better for its currency
As I had to leave early due to running an errand, once the 0.7% figure was released, I didn’t see a reason to stick around nor a reason for CAD’s continued strength. So I placed an entry order at the next support level and left for 2 hours. When I came back, I was able to bank 24 pips for about 3 minutes of work? Nice, wouldn’t you agree? Watch the video above!