Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
Traders Await US Retail Sales
Information is not investment advice
What will happen?
US Retail Sales will be out on November 16 at 15:30 MetaTrader time (GMT+2). If you open the economic calendar, you will notice that there are two versions of this indicator: Core Retail Sales and Retail Sales. What is the difference? The core release excludes auto sales due to their high volatility.
Why is it important?
Retail sales are the primary measure of consumer spending, which accounts for the majority of overall economic activity. Last month, both reports were greater than expected. As a result, USD/JPY rocketed by 150 points!
How to trade on the indicators of Retail Sales?
This report is important for traders as it affects the US dollar – the most traded currency in the Forex market!
- If the indicators are greater than the forecasts, the USD will rise.
- Alternatively, the USD will drop.
Instruments to trade: EUR/USD, GBP/USD, USD/JPY, XAU/USD
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Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
The US Labor Market And Real Estate Market Are In Focus This Week
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.
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