Trade the News – Retail Sales

Trade the News – Retail Sales

Retail Sales figures are usually a result of a survey that’s done for goods sold by retailers, based on a sampling of retail stores of different types and sizes and is considered as an indicator of the pace of a country’s economy. It shows the performance of the retail sector over the short and mid-term. Positive economic growth anticipates bullish trends for the country’s/region’s currency, while a low reading is seen as negative or bearish. Today we will be using the example of Retails Sales for Australia and applying some relevant setups/strategies for AUD crosses, riding the trend that this data release creates.

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