UK RETAIL SALES

NEWS TRADINGThursday March 22, 2012[5:30am NY Time]


Today´s Retail Sales number from UK will be widely watched
as this is a high impact yet very tradable report. Here is
the forecast for this release:

5:30am (NY Time) UK Retail Sales
Forecast -0.5% Previous 0.9%
ACTION: GBP/USD BUY 0.1% SELL -1.0%


GBP is bearish due to its fundamental outlook. However, I do feel that most of the negativities have been priced in at the current level… Therefore, news like the Retail Sales are going to play a pivotal role for the short-term.



The Trade PlanThe monthly retail sales report is a direct measurement of consumer activities at the retail level. A higher release is generally good for the economy, and better for it´s currency; a lower release is considered negative for the economy and not good for it´s currency.
Our tradable deviation or surprise factor for UK Retail Sales is 0.6% to BUY and -0.5% SELL. If our deviation is hit, we can expect the market to move at least 50 pips within the hour, with a historical accuracy of 72%. We´ll be looking to BUY GBP/USD if we get any positive figure (at least 0.1%), and SELL GBP/USD if we get -1.0% or worse.

Book : The Little Book of Economics. - Greg Ip

Book : Trading in The Zone - Mark Douglas

STEALTH FOREX SIGNALS...... Great performance...