The Fundamental FOREX Blog

Tomorrow, Wednesday, 07-14-10 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 Bureau.

Along with these USD reports, there is 1 other report:

USD – Import Prices MoM

This report is released monthly by the “Bureau of Labor Statistics “:

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. But- important they both go in the same direction.

Here is what is happening on Wednesday, 07-14-10:

USD – Core Retail Sales MoM stats

Previous = -1.1%

Forecast = -0.1%

USD – Retail Sales MoM stats

Previous = -1.2%

Forecast = -0.2%

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

Here is how I am set up for tomorrow:

USD-8-30AM-ET-07-14-10
Looking for a 0.5 difference
Actual > Forecast = Good for USD
USD Core Retail Sales m/m
——actual——–forecast——–previous
_______________-0.1%______   -1.1%
out at 0.4% or better – SELL EUR/USD
out at -0.6% or less – BUY EUR/USD
Actual > Forecast = Good for USD
USD Retail Sales m/m
_______________-0.1%______ -1.2%

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, 08-13-10 at 8:30 AM ET.

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

Stay tuned!