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

Forex Signal (Thu, Dec 17, 04:30 am EST) UK Retail Sales m/m

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Dec 14, 2009.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

    Joined:
    Sep 30, 2007
    Messages:
    752
    Likes Received:
    0
    Hi there :)

    On Thursday, Dec 17th (04:30 am New York Time) we will have UK Retail Sales m/m coming out. It is expected to read 0.4. Last month it read 0.4 as well.

    Please read what this indicator means and how it affects the GBP/USD by going to this link: http://www.forexpeacearmy.com/forex-forum/economic-indicator-descriptions/7510-uk-retail-sales.html

    The trigger for this indicator is 0.5. This means that if UK Retail Sales m/m comes out at 0.9 or higher, GBP/USD will probably go up by 40 pips or more in the first 45 minutes of the report. If it comes out at -0.1 or more negative, GBP/USD will probably go down by 40 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 UK Retail Sales m/m number, we will have UK Retail Sales y/y coming out. If they conflict, I recommend skipping the trade, but since m/m is part of y/y number, and our trigger is quite large, the conflict is almost impossible.

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

    For example: on October 22nd, UK Retail Sales m/m came out at 0, versus an expectation of 0.5. GBP/USD went down by around 75 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 GBP 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.
    -Crazy Cat
     
    #1 Crazy Cat, Dec 14, 2009
    Lasted edited by : Sep 8, 2016

Share This Page