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Forex Signal (Thu, Feb 11, 08:30 am EST) US Core Retail Sales m/m

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Feb 10, 2010.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Hi there :)

    ****

    Due to global warming resulting Washington, D.C. to be under the snow,
    US Retail Sales has been rescheduled from Thursday to Friday, also at 8:30 a.m. NY time

    Washington Snow Record: Federal Government Shut Down - TIME

    As we all know, raising temperatures as well as falling temperatures are a sign of global warming, good luck with the energy bill... :)

    Here are some awesome pictures:

    Long time ago:
    Blizzards — Winter's Perfect Storm - Photo Essays - TIME

    Now:
    Snowpocalypse, Part 2 - Photo Essays - TIME

    If you have a good links to another snow pictures, please post them in comments :)


    ****

    Anyway, going back to the business: this is Crazy Cat with a potentially profitable trading opportunity...

    Friday, February 12th (8:30 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 -0.2.

    I recommend trading USD/JPY for this report.

    Please read what this indicator means and how it affects the USD/JPY by going to this link: http://www.forexpeacearmy.com/forex-forum/economic-indicator-descriptions/7509-us-retail-sales.html

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

    We will also have US regular Retail Sales coming out and Import Price Index. You can ignore the Import Price Index, but if regular Retail Sales and core Retail Sales conflict, I recommend staying out.

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

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

    For example: on December 11th, US Core Retail Sales came out at 1.2, versus an expectation of 0.4. USD/JPY went up by 60 pips. See for yourself what happened by seeing 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

    I hope you make some money on this report.
    -Crazy Cat
     
    #1 Crazy Cat, Feb 10, 2010
    Lasted edited by : Sep 8, 2016
  2. mechtech63

    mechtech63 Corporal

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    I read on Forex Live that this was moved to Friday because of bad weather. Please confirm.
     
  3. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    probably this is the case. ForexFactory already has it on Friday so most likely it will be on Friday.
     
  4. mechtech63

    mechtech63 Corporal

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    MB Trading also has it updated for Friday.

    Should probably send out an updated email, so folks wont stay up late or get up early.
     
  5. waqas chughtai

    waqas chughtai Recruit

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    chughtai

    hi can anyone tell me what is the result of option trading now i am trading in forex future i have a good skill and level of trading but i always deceive by the market so i decided to trade in option, if you trade in option you kindly share me with your comment about the options
     
  6. Forex@3600

    Forex@3600 Recruit

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    Hi,

    Why don't you speak about the Initial Jobless Claims indicator that will come out at 8.30 am?
    Bernard
     
  7. Forex@3600

    Forex@3600 Recruit

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    Hi,

    I wanted to do the trade yesterday with the NZD retail sales figures but I didn't see the actual figure on the site.
    Where can I get the figurs a few seconds after the announcement?
    Thanks for your help
     
  8. John Cadden

    John Cadden Recruit

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    Core retail sales

    Another good one crazy cat

    Regards,

    John
     

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