Filed Under:  News Trading

ReviewBrokers – News Trading – USA Core Retail Sales 07:30 AM( NY Time ), March 17, 2020

16th March 2020   ·   0 Comments

Core Retail Sales measures the change in the total value of sales at the retail level in the U.S., excluding automobiles. It is an important indicator of consumer spending and is also considered as a pace indicator for the U.S. economy.

A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
News Trading – USA ADP Nonfarm Payroll
USA Core Retail Sales –    07:30 AM NY time   (Tuesday, March 17)

Traded pair                 Previous   Forecast     Deviation
USD/JPY                        0.3%           0.1%                  ±0.5%

Buy      USD/JPY      if actual figure is or is below   0.6%
Sell      USD/JPY      if actual figure is or is above    –0.4%

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

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