Source: ForexYard
At FOREXYARD, we believe in keeping our clients prepared for potentially significant news events. As such, traders will want to pay careful attention to the US Retail and Core Retail Sales reports, both set to be released tomorrow, September 14th at 12:30 GMT. As can be seen in the chart below, the US dollar took significant losses against the euro in June after a disappointing retail sales report.
Don’t miss out on another opportunity to capitalize on market volatility!
The dollar has been stuck in a bearish trend for the last several weeks due to a series of disappointing US economic indicators. If tomorrow’s reports come in above their forecasted levels, the greenback may be able to recoup some of its recent losses. This is an excellent opportunity for forex traders to take advantage of potentially significant news, so don’t miss out!
Read more forex news on our forex blog
Forex Market Analysis provided by ForexYard.
© 2006 by FxYard Ltd
Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading.
