The Fundamental FOREX Blog

Tomorrow, Friday, 02-12-10 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 Bereau.

Along with these USD reports, there is a CAD – New Motor Vehicle Sales MoM report is scheduled for release 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, 02-12-10:

USD – Core Retail Sales MoM stats

Previous = -0.2%

Forecast = 0.4%

USD – Retail Sales MoM stats

Previous = -0.3%

Forecast = 0.4%

This looks like the economists believe that the Core Retail Sales and the Retails Sales will show an improvement this time. I will be watching that they go in the same direction.

Here is how I am set up for tomorrow:

USD-6-30AM-02-12-10
Looking for a 0.5 difference
Actual > Forecast = Good for USD
USD Core Retail Sales m/m
——actual———-forecast———-previous
________________0.4%______   -0.2%
out at 0.9% or better – BUY USD/JPY
out at -0.1% or less – SELL USD/JPY

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

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

The next time this is scheduled to be released is on Friday, 03-12-10 at 8:30 AM ET.

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

Stay tuned!