8:30am (NY Time) US Core Retail Sales Forecast 0.1% Previous -0.4%
“(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.”
This is a winning trade with 31 pips of profit on a BUY GBP/USD, entry at 1.5545 and take profit at 1.5576, based on fundamental news trading method.