The Fundamental FOREX Blog

Tomorrow, Friday, 12-11-09 at 8:30 AM ET, the USD – Core Retail Sales and Retail Sales MoM reports will be released.

These two reports are released monthly by the Census Bureau.

Along with these two USD reports, 2 other reports are scheduled for release:

USD Import Price Index (MoM)
Released monthly by the Bureau of Labor Statistics

CAD New Housing Price Index (MoM)
Released monthly by Statistics Canada

I did a “follow up” post of last months news release, click here to see what happened.

The USD – Core Retail Sales MoM report is more attuned to what is currently happening in the economy – therefore it is the report that may have the greatest impact on the currency market.

Here is what is happening on Friday, 12-11-09:

USD – Core Retail Sales MoM stats

Previous = 0.2%

Forecast = 0.6%

USD – Retail Sales MoM stats

Previous = 1.4%

Forecast = 0.6%

This looks like the economists believe that the Core Retail Sales will show an improvement this time. But that the Retails Sales will decline – could be a conflict here!

Also, pay attention to your “broker spread” when selecting currency pairs to trade.

I did post a “follow up” of this report, click here to see what happened.

The next time this will be released will be on Thursday, 01-14-10 at 8:30 AM ET.

I will probably post a “preview” a day or two prior.

Stay tuned!