The last release we were watching was the US Retail Sales. We were looking for .5 in deviation which we did not get so that turned out to be a no trade. We had some revisions along with minimal deviation that resulted in a whipsaw affect. No entries were taken on this release.
OUR NEXT LIVE ON THE NEWS TRADE CALL
The next release we have on the schedule is the UK Retail Sales expected to be .2. I will be looking for around .4 in deviation on this release. A higher than expected number would signal a buy on the GBP/USD and a lower than expected number will signal a sell. This data will be released at 4:30am eastern
Good Luck trading!!!
Dustin is recognized as one of the top Forex traders and education authorities in the world today. As the President of Forex Traders Daily he has helped thousands of traders learn how to profitably trade the Forex market. Dustin's goal is to help you achieve your financial goals faster and easier than you ever imagined. You can follow him and Forex Traders Daily on: Twitter, Facebook, and Youtube.
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Author: Dustin Pass
Dustin is recognized as one of the top Forex traders and education authorities in the world today. As the President of Forex Traders Daily he has helped thousands of traders learn how to profitably trade the Forex market. Dustin's goal is to help you achieve your financial goals faster and easier than you ever imagined. You can follow him and Forex Traders Daily on: Twitter, Facebook, and Youtube.
