Select a section for which the search will be carried out
Sign in
Retail Sales (YoY)
Retail is a volume of sales of goods and services to the final consumer for a certain period. Retail is included on the list of the most important macroeconomic indicators together with GDP, inflation and level of unemployment. The important role of retail is to be a leading indicator, which means, its dynamics serve as the base for the forecast of upcoming changes in the whole state of the economy. Retail includes all types of deals: via personal contacts, trade networks, internet, mail, etc. Often the retail is calculated separately for the nondurable (less than 3 years) and durable goods (more than 3 years). Core retail sales are also to be calculated separately; it doesn’t include the cars, fuel on filling stations, building materials and catering services. These sales categories are subject to the strongest fluctuations; therefore, they may not be taken into account in the overall retail sales indicator for a more accurate understanding of the economic situation.
In this article, we will talk about the economic calendar and determine what is better to rely on when making a decision to open deals: forecasts or previous values of indicators.
Today we will study the reaction of the foreign exchange market to the publication of revised values of economic indicators. And let's see if it's worth relying on them when making a decision to enter the market.
Previous studies trading on rollbacks have shown the usefulness of such a strategy for a number of economic events in the US, Australia and the Eurozone. Now let's see if trading on rollbacks is suitable for UK events.