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

Uk Retail Sales

Discussion in 'Market Predictions and Reports' started by NDUKA VIVIAN CHINWE, Jun 17, 2010.

  1. NDUKA VIVIAN CHINWE

    Joined:
    May 19, 2010
    Messages:
    3
    Likes Received:
    0
    Hello all,

    Retail sales statistics will be out in UK today, as we know this is very important because it helps determine the health of the Economy through consumer spending which accounts for the majority of overall economic activity. Higher Retail Sales shows that the Economy is improving as consumers are spending more, vice versa.
    Our suprise factor is 0.3 of the forcast (0.1). If the Actual is 0.4 or Higher we will see GPB blowing the roof, so BUY GPB/USD and exit at 60pips within the first thirty minute f the report. But, if the Actual is -0.8 or lower SELL GBP/USD and exit at 40 pips. Happy Trading:)
     

Share This Page