US Core Retail Sales m/m 08/13/09


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8:30am (NY Time) US Core Retail Sales Forecast 0.2% Previous 0.3%

(Retail Sales Core)
Derivative of Retail Sales that excludes the Automobile Sales component. Automobile Sales make up roughly 25% of Retail Sales, but they can be very volatile from month to month and can distort the picture. Retail Sales with the exclusion of this volatile component is thought to be a better indicator of the underlying trend in consumer spending.

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The Core Retail Sales came out at -0.6%, much worse than expectation as the entire market went into a risk aversion mode, we saw JPY strength across the board as GBP/JPY dropped over 200+ pips. By looking at market reaction and calculating both market cycle time and long term market trend, I decided to jump in the market and picked up about 30+ pips in 40 minutes of trading; it was quick, painless, and I have to admit it, impressive. Watch my video please….

About Kelvin Ching

I'm a professional Forex trader and I have been trading for over 7 years. I was a series 3 broker and a registered CTA with the NFA, the main regulatory agency in the United States, and I have been involved at the highest levels in commodity trading. I also have a background in Information Technology, graphics design, and programming... I'm the co-founder of, a site dedicated to fundamental analysis and news trading.


  1. Hi Henry,

    Love the way you trade the news. Great website and I excellent analysis. I’ve been trading the news for a while now and find it produces excellent results. However sometimes it is quite unpredictable. I am certain with your analysis, it will help me to become even more consistent. Keep up the good work.


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