Forex Signal (Fri, Jan 22, 08:30 am EST) Canadian Core Retail Sales m/m

Crazy Cat

Former FPA Special Consultant
Messages
753
Hi there :)

On Friday, Jan 22nd, at 08:30 am New York Time we will have Canadian Core Retail Sales m/m coming out. It is expected to read 0.2. Last month it read 0.2 as well.

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

The trigger for this indicator is 0.6. This means that if Canadian Core Retail Sales m/m comes out at 0.8 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 -0.4 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.

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
 
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Messages
4
I have been reading your economic indicator signals blogs for a while, but have not been successful in locating a timely source for the releases. For instance, I located the Canadian Core Retail Sales release information at 10:30am, when this release occurred at 8:30 am.
Where can I find the release information sooner?
Thanks,
Christina
 
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