CAD Retail Sales 12.30 GMT

Monday, October 23rd, 2006 (8:30 am New York Time) CANADA

We have Retail Sales coming out of Canada. We have both the headline number and the core number coming out. Our focus will be the core number, which is the Retail Sales less autos. Retail Sales less autos is expected at 0.3%. If it comes out at 0.6% or higher, that would be good for the Canadian dollar, so I may possibly go short on USD/CAD. If the retail sales come out at 0% or negative, that would be bad for the Canadian dollar, so I may possibly go long on USD/CAD. If the headline number comes out conflicting, we may see a spike in the opposite direction for few quick seconds, but then the price should resume moving towards the core number.

Watch out fot this figures traders.

Regards All

I agree. Just concentrate on the CORE number.

IF however the CORE is at par with consensus, then and only then do you look for the Headline number for direction....

As I warn, be carefull with lowered fuel price dragging this number down. So it may not be wise to number trade this data as many were caught flat footed with US retail sales 2 weeks ago trading numbers.

very beautifull analysis best01! You found that by yourself?

dud.

perhaps due mainly to the strong USD forces this morning preventing CAD to gain footage vs USD...

Time to step in to buy USD/CAD because of usd strenth over the board.......

I stood aside with this report and just watched. When the numbers came out postive for CAD but not really overwhelming I chose to stay out all together.

The CAD cannot really be judged by the european crosses. It stands on it's own many times without true correlation with anything else. But with that said, The dollar strength this morning kept me from straddling this report. And I think that I will just stand aside in the CAD for the day.

DC

Better to have a missed opportunity than lost capital!!!

I am long the USD/CAD. Not because of the news, but the sidus is showing a buy on the one hour chart, so I took it and got in at 1.1278 with a 30 pip stop loss(1.1248) and a T/P at 1.1325.