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Forex Signal (Wed, June 23, 08:30 am EST) Canadian Core Retail Sales m/m

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Jun 22, 2010.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Hi there :)

    On Wednesday, June 23rd, at 08:30 am New York Time we will have Canadian Core Retail Sales m/m coming out. It is expected to read 0.0. Last month it read 1.7.

    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, and for now I typically skip this report. This is not a reliable report to trade so be warned...

    If you want to trade it, the trigger for this indicator is 1.2. This means that if Canadian Core Retail Sales m/m comes out at 1.2 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 -1.2 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 May 21, Canadian Core Retail Sales m/m came out at 1.7, versus an expectation of 0.4. USD/CAD spiked down by about 30 pips. It was kind of crappy report to trade. 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 but be extremely careful.
    -Crazy Cat
     
    #1 Crazy Cat, Jun 22, 2010
    Lasted edited by : Sep 8, 2016

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