1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Explanation of U.S. Retail News Today?

Discussion in 'Beginners Bootcamp' started by Rosemarie44, Apr 14, 2010.

  1. Rosemarie44

    Rosemarie44 Private

    Joined:
    Apr 12, 2010
    Messages:
    21
    Likes Received:
    0
    Hi All

    I'd really appreciate hearing from one of the experienced traders as to what the U.S. retail news actually means for the U.S. economy and trading FOREX. I would like to be able to interpret the news fairly accurately to take advantage of the moves around the announcement. I looked at USD/JPY but couldn't really work out if it was good or bad or if there was a conflict so if someone could take the time to break it down in "easy to understand" language I'd really appreciate that. Thanks in anticipation!
     
  2. Stony

    Stony Sergeant

    Joined:
    Mar 21, 2009
    Messages:
    167
    Likes Received:
    2
    Hi Rosemarie,

    I wouldn´t recommend trading forex on fundamentals such as retail news. The only thing you can predict about news is that there will be probably some movement at news times, but you never know its direction in advance. Besides, trading often gets irregular at news times. So, better rely on technical analysis.
     
  3. Ricex

    Ricex Sergeant

    Joined:
    Jun 30, 2009
    Messages:
    358
    Likes Received:
    2
  4. West Coast Pips

    West Coast Pips Sergeant

    Joined:
    Sep 24, 2009
    Messages:
    132
    Likes Received:
    0
    US retail sales has 2 components to it, Core Retail Sales & Retail Sales. Core Retail Sales is defined as the change in the total value of sales at the retail level, excluding automobiles. Why though? Automobile sales account for about 20% of Retail Sales, but they tend to be very volatile and distort the underlying trend. The Core data is therefore thought to be a better gauge of spending trends. The other component, Retail Sales, is also referred to as the headline number. When trading this report, as I do every month, I focus on the core number, but also pay attention to the headline one. The 2 components rarely conflict but it can happen. If you are interested in actually trading this report use an auto clicker like Secret News Weapon. You will need to learn about triggers, deviations, revisions, etc.
     

Share This Page