Make Profit Trading The US Retail Sales, Gold Holding Strong In Massive Gain

Retail sales is an economic indicator in the USA that keeps inventory of demand for finished goods, by measuring the purchases of durable and non-durable goods over a defined period of time. It is the primary gauge of consumer spending, which accounts for the majority of overall economic activities.
This retail sales anticipated release will be characterized by a wide range of holiday and festive season spending.
According to a data release from MasterCard SpendingPulse, sales rose by 7.6% from November to December driven by the holiday shopping season. Basically, MasterCard SpendingPulse helps gauge online and in-store retail sales across all forms of payment.
Lately, the US dollar index(DXY) experienced a massive decline from a multi-year high of 114.00 to a low of 101.00 index.

The positive is, a strong retail data point could be a catalyst for the US dollar gain, but a weakened result could drag the US dollar further to the downside as risk speculation heightens. This could create an opportunity to invest in a safe-haven assets and currency pairs such as Gold, Silver, and EURUSD as market sentiment shifts.
An Increase in retail sales will result in US dollar index strength
A Decrease in Retail sales will result in US dollar index decline.
Increased volatility is anticipated, and traders should always be aware that volatile markets provide great opportunities for making profits, as the increase in volatility can cause market swings for traders to capitalize on.
In response to the news release, trade the financial market with the following trading instruments on the ACT Brokers platform(actmarkets.com), as the pairs are mostly affected by the data release; BTC/USD, ETH/USD, XRP/USD, EUR/USD, GBPUSD, XAUUSD, USDJPY, USDCAD, USDCHF, AUDUSD, NZDUSD, US30, US100, USOIL, Facebook, Amazon, Tesla, etc.
Time Schedule for next Retail Sales release:
Date: Wednesday, 18th January 2022.
Time: 2:30 pm (GMT + 1)
Author: Amogo Solomon
Recent Posts
- The New Zealand Dollars (NZD) Now In Focus As The RBNZ Is Set To Hike its Official Cash Rate Further
- DXY BREAKS OUT OF THE DAILY DEMAND – Strong Enough to Start a Bull Market?
- CURRENCY QUAKE: BRICS Alliance Sends Shockwaves Through US Dollar – Will the Retail Sales Say Otherwise?
- CADCHF COOKING A MASSIVE RALLY – The CXY Approaching H4 Demand.
- GOLD BECOMES INDECISIVE – DXY Stuck in Demand Zone.
Recent Comments