Source: ForexYard
At FOREXYARD, we believe in keeping our clients prepared for potentially significant news events. As such, traders will want to carefully monitor the US Retail and Core Retail Sales figures, scheduled to be released today at 12:30 GMT. As can be seen in the chart below, the Dow Jones took significant losses after last month’s indicators came in below their forecasted levels.
Don’t miss out on another opportunity to capitalize on market volatility!
Both the Retail Sales and Core Retail Sales have fallen for the last two months straight. As a result, confidence in the US economic recovery has eroded which has caused indices like the Dow Jones to turn bearish. If today’s indicators show that the US retail sector has gotten even worse over the last month, further bearish movement may occur. This is an excellent opportunity for forex traders to take advantage of potentially significant news, so don’t miss out!
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Forex Market Analysis provided by ForexYard.
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