Today's Retail Sales Data @7PM: Forecast -0.4% (Impact: The data will Impact on the USD. Which will impact on Bullion, Base metals, Acorrding to actual data trader may trade in commodity with Strict SL.
The retail sales data is most important indicator which is one of the most timely, providing data that is only a few weeks old.
Retail sales data is also called Advance Retail Sales.
Retail Sales data release date delayed by 6 days due to the US government shutdown; Its measure change in the total value of sales at the retail level.
If Actual data is better than Forecast than it is good for currency.
Retail Sales data Released every month, about 14 days after the month ends.
Traders have to care about this data because it is the primary gauge of consumer spending, which accounts for the majority of overall economic activity. Retail Sales Data is highly important for the market.
Posted on: 12-Feb-2015 | Posted by: NIFM |
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