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Understanding Core Retail Sales m/m: Forecast, Previous, and Impact

If you're involved in forex trading, you've probably encountered various economic indicators that can significantly affect currency markets. One of these key indicators is Core Retail Sales m/m (month-on-month), a metric that provides insights into the health of a country's retail sector. In this article, we'll dive into Core Retail Sales m/m and its implications, including the forecast and previous news

Core Retail Sales m/m Explained

Core Retail Sales m/m measures the change in the total value of sales at the retail level in a given month, excluding the automobile sector. This exclusion of auto sales is what makes it "core" and provides a more accurate picture of consumer spending trends.

Forecast and Previous Figures

For traders and investors, the forecast and previous figures for Core Retail Sales m/m are of utmost importance. These figures can be used to anticipate market movements and make informed trading decisions.

  • Forecast: The forecast for Core Retail Sales m/m is an estimate of the change in retail sales for the upcoming release. In this case, the forecast is 0.2%, indicating an expected increase in sales for the reported month.

  • Previous: The previous figure represents the change in retail sales for the previous month. In this context, the previous figure is 0.6%, which means that in the previous month, retail sales experienced a 0.6% increase.

Impact on the Forex Market

The release of Core Retail Sales m/m figures can have a significant impact on the forex market. When the actual figure deviates from the forecast, it can lead to increased volatility and trading opportunities. Here's what to expect:

  • Better than Forecast: If the actual figure is higher than the forecast (in this case, greater than 0.2%), it's typically seen as positive for the country's currency. Traders may consider going long on that currency, as it indicates strong consumer spending and economic growth.

  • Worse than Forecast: Conversely, if the actual figure is lower than the forecast (less than 0.2%), it can be bearish for the currency. Traders might consider short positions, as it suggests weaker retail sales and economic performance.

Time of Release

Core Retail Sales m/m is typically released at 12:30 UTC, which is the time you'll want to pay close attention to your trading activities. Ensure that you're prepared and have a strategy in place before the release to react to any potential market movements.

In conclusion, Core Retail Sales m/m is a vital economic indicator that can influence forex markets. Keeping a watchful eye on the forecast, previous figures, and the time of release can help traders make informed decisions. Remember that trading carries risks, and it's essential to have a well-thought-out strategy and risk management in place when dealing with economic indicators like Core Retail Sales m/m. Happy trading!

CPI m/m
CPI m/m



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