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

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.

Forex 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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