FPA DTS | Trading the: UK Retail Sales @ 4:30 AM EDT on 21st June (Thu)

I will be trading the: UK Retail Sales @ 4:30 AM EDT on 21st June (Thu)

As the name suggests, this economic indicator measures the amount of money consumers spent in stores, restaurants, movies, and other retail outlets. Then the amount is measured against the amount for previous month, and a percentage is derived of whether it’s more or less. If the retail sales this month are higher than previous month, the percentage number is positive. If the retail sales this month are lower than previous month, the percentage number is negative.

Strong retail sales means healthy economy and confident consumers.
This means that higher than expected number in retail sales is good for UK pound, and thus GBPUSD GBPJPY  will have a tendency to go up. Lower than expected number is bad for UK pound, and thus GBPUSD, GBPJPY will have a tendency to go down.
It has just the opposite effect on EURGBP

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