5:30am (NY Time) Forecast -0.5% Previous 0.9%
The Trade Plan
Our tradable deviation or surprise factor for UK Retail Sales is 0.6% to BUY and -0.5% SELL. If our deviation is hit, we can expect the market to move at least 50 pips within the hour, with a historical accuracy of 72%. We´ll be looking to BUY GBP/USD if we get any positive figure (at least 0.1%), and SELL GBP/USD if we get -1.0% or worse.
We´ll be looking for an after-news retracement trade for this release. For more information on my trading methods:
Forex Analysis For UK Retail Sales 03/22/12
March 21, 2012 by Leave a Comment