US CORE RETAIL SALES

Forex News Trading US Core Retail Sales 03/13/12

DEFINITION:“(Retail Sales Core) Derivative of Retail Sales that excludes the Automobile Sales component. Automobile Sales make up roughly 25% of Retail Sales, but they can be very volatile from month to month and can distort the picture. Retail Sales with the exclusion of this volatile component is thought to be a better indicator of the underlying trend in consumer spending.”


Here´s the forecast:8:30am (NY Time)    US Core Retail Sales Forecast 0.8% Previous 0.7%
ACTION: 1.3% BUY USDJPY / 0.2% BUY GBPUSD

The Trade Plan
The plan to trade this release is straight forward. We are going to wait for 1.3% release or better to BUY USD/JPY, or a 0.2% or worse to BUY GBPUSD. If we get a in-between release, we´ll need to look at the pre-release market condition and sentiment in order to make a decision, or just stay out of the market altogether