Trade the News – Retail Sales

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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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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 33.33% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.Read our Risk Disclosure.

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