Don’t waste your time – keep track of how NFP affects the US dollar!
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Personal areaUS Retail Sales will be out on August 17 at 15:30 MetaTrader time (GMT+3). If you open the economic calendar, you will see both Core Retail Sales and Retail Sales indicators. The only difference between them is that the core release excludes automobile sales due to their high volatility, while another report includes auto sales. Last month, both of them pleased the USD bulls with strong numbers which were way better than initially thought. It signaled that demand for goods remained robust despite the recent consumer shift towards services.
This report is especially significant for traders as it concerns the US dollar – the most traded currency in the Forex market.
Instruments to trade: EUR/USD, GBP/USD, USD/JPY
