Felix Homogratus
Commander in Chief
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Hi there
This is Felix with a potentially profitable trading opportunity...
Monday, November 16th (08:30 am New York Time) USA
We have US Core Retail Sales m/m coming out. It is expected to read 0.4. Last month it read 0.5.
Please read what this indicator means and how it affects the GBP/USD by going to this link: https://www.forexpeacearmy.com/forex-forum/economic-indicator-descriptions/7509-us-retail-sales.html
The trigger for this indicator is 0.5. This means that if US Core Retail Sales m/m comes out at 0.9 or higher, USD/JPY will probably go up by 30 pips or more in the first 30 minutes of the report. If it comes out at 0 or negative, USD/JPY will probably go down by 30 pips or more in the first 30 minutes of the report.
Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.
In addition to the Core Retail Sales number, we will have Regular Retail Sales number and Empire Manufacturing Index come out. If there is a conflict between the Core Retail Sales and Regular Retail Sales, I recommend skipping this trade, but the conflict is highly unlikely. In terms of Empire Manufacturing, it has very little effect next to something like Retail Sales, so you can just ignore it.
To read my after-spike retracement strategy for this report click here: https://www.forexpeacearmy.com/fore...les-m-m-after-spike-retracement-strategy.html
For example: on September 15th, US Core Retail Sales came out at 1.1, versus an expectation of 0.4. As a result, USD/JPY went up by around 40 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 USD Core Retail Sales m/m
As always, wait for my email this Friday, where I will review all successful trades of the week.
I hope you make some money on this report.
-Felix
This is Felix with a potentially profitable trading opportunity...
Monday, November 16th (08:30 am New York Time) USA
We have US Core Retail Sales m/m coming out. It is expected to read 0.4. Last month it read 0.5.
Please read what this indicator means and how it affects the GBP/USD by going to this link: https://www.forexpeacearmy.com/forex-forum/economic-indicator-descriptions/7509-us-retail-sales.html
The trigger for this indicator is 0.5. This means that if US Core Retail Sales m/m comes out at 0.9 or higher, USD/JPY will probably go up by 30 pips or more in the first 30 minutes of the report. If it comes out at 0 or negative, USD/JPY will probably go down by 30 pips or more in the first 30 minutes of the report.
Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.
In addition to the Core Retail Sales number, we will have Regular Retail Sales number and Empire Manufacturing Index come out. If there is a conflict between the Core Retail Sales and Regular Retail Sales, I recommend skipping this trade, but the conflict is highly unlikely. In terms of Empire Manufacturing, it has very little effect next to something like Retail Sales, so you can just ignore it.
To read my after-spike retracement strategy for this report click here: https://www.forexpeacearmy.com/fore...les-m-m-after-spike-retracement-strategy.html
For example: on September 15th, US Core Retail Sales came out at 1.1, versus an expectation of 0.4. As a result, USD/JPY went up by around 40 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 USD Core Retail Sales m/m
As always, wait for my email this Friday, where I will review all successful trades of the week.
I hope you make some money on this report.
-Felix
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