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Forex Signal (Fri, Feb 19, 08:30 am EST) Canadian Core Retail Sales m/m

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Feb 18, 2010.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Hi there :)

    On Friday, Feb 19th, at 08:30 am New York Time we will have Canadian Core Retail Sales m/m coming out. It is expected to read 0.4. Last month it read 0.0.

    Please read what this indicator means and how it affects the USD/CAD by going to this link: http://www.forexpeacearmy.com/forex...-descriptions/7615-canadian-retail-sales.html

    This is not a big mover, especially when we have U.S. reports at the same time.

    The trigger for this indicator is 0.7. This means that if Canadian Core Retail Sales m/m comes out at 1.1 or higher, USD/CAD will probably go down by 30 pips or more in the first 45 minutes of the report. If it comes out at -0.3 or more negative, USD/CAD will probably go up by 30 pips or more in the first 45 minutes of the report.

    Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.

    In addition to the Canadian Core Retail Sales m/m number, we will have regular Canadian Retail Sales m/m coming out. If they conflict, I recommend skipping the trade, but usually they don't conflict, since core retail sales is part of regular retail sales, except it doesn't include volatile items such as energy and food.

    We will also have US CPI at the same time. If U.S. CPI deviates a lot, then it will also affect USD/CAD so Canadian triggers are good assuming all US CPI numbers come more less as expected. US CPI is currently not tradable although, as always, huge deviations may cause weird price actions.

    To read the after-spike retracement strategy for this report click here: http://www.forexpeacearmy.com/forex...l-sales-after-spike-retracement-strategy.html

    For example: on November 23rd, Canadian Core Retail Sales m/m came out at 1.1, versus an expectation of 0.4. USD/CAD went down by about 50 pips. See for yourself what happened on this chart: Forex news trading currency exchange charts

    I highly recommend you study the entire history and charts of this report by following this link: Forex News Trading | Details and History for CAD Core Retail Sales m/m

    I hope you make some money on this report.
    -Crazy Cat
     
    #1 Crazy Cat, Feb 18, 2010
    Lasted edited by : Sep 8, 2016

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