Filed Under:  News Trading

ReviewBrokers – News Trading – Canada Core Retail Sales 08:30 AM( NY Time ), February 21, 2020

21st February 2020   ·   0 Comments

The Retail Sales released by the Statistics Canada is a monthly data that shows all goods sold by retailers based on a sampling of retail stores of different types and sizes. The retail sales index is often taken as an indicator of consumer confidence. It shows the performance of the retail sector in the short term. Generally speaking, the positive economic growth anticipates bullish movements for the CAD.
News Trading – USA ADP Nonfarm Payroll
Canada Core Retail Sales –    08:30 AM NY time   (Friday, February 21)

Traded pair                 Previous   Forecast     Deviation
USD/CAD                        0.2%           0.4%                  ±0.5%

Buy      USD/CAD      if actual figure is or is below   -0.1%
Sell      USD/CAD      if actual figure is or is above     0.9%

Expected move during first 30 minutes after the release is 50  pips or more.

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