US PPI and Retail Sales at the same time! | Forex Factory

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US PPI and Retail Sales at the same time!

  • #1
  • First Post: Nov 14, 2006 4:26am Nov 14, 2006 4:26am
We will be having PPI and Retail Sales at the same time!

This will surely cause confusion/whipsaw if the data does not come out inline with each other.

How should we trade this?

I wont Straddle this one! Instead I will wait for the numbers to come out and trade accordingly:
I will go LONG USD IF good PPI and good Retail Sales.
I will go SHORT USD if bad PPI and bad Retail Sales.
Other than these, I'd stay away.

SHOULD I be slow to decypher the numbers then, I need a faster brain
  • #2
  • Nov 14, 2006 5:52am Nov 14, 2006 5:52am

http://www.talktofrank.com/img/home/...e_Homepage.jpg

new and improved, BK !

"Always bet on black"
  • #3
  • Nov 14, 2006 6:09am Nov 14, 2006 6:09am
I hope its not "slightly used"
  • #4
  • Nov 14, 2006 6:26am Nov 14, 2006 6:26am
some say that we have to pay more attention to US Retail Sales Autos m/m.....
  • #5
  • Nov 14, 2006 6:34am Nov 14, 2006 6:34am
PPI is becoming generally useless as a news event. If you look at PPI releases on NZD/GBP/AUD, it has limited impact. So i think the retail ex autos is the important figure.
However, be careful as the last month there was a repraisal of the USD negative -0.5% headline figure, as it was mostly due to a fall in the crude price, which have been the theme of a lot of US releases recently.
Forex rules
  • #6
  • Nov 14, 2006 6:34am Nov 14, 2006 6:34am
i hate the news today , so i place an entry order to buy GBP/USD 1.8960 , SL :18930 , TP :19030
  • #7
  • Nov 14, 2006 6:41am Nov 14, 2006 6:41am
Quoting BurgerKing
We will be having PPI and Retail Sales at the same time!

This will surely cause confusion/whipsaw if the data does not come out inline with each other.

How should we trade this?

I wont Straddle this one! Instead I will wait for the numbers to come out and trade accordingly:
I will go LONG USD IF good PPI and good Retail Sales.
I will go SHORT USD if bad PPI and bad Retail Sales.
Other than these, I'd stay away.

SHOULD I be slow to decypher the numbers then, I need a faster brain
I absolutely agree BK.

This is a wait and see trade. So I will stand aside at least for the first two minutes and see what happens. Then perhaps trade off the direction on the breakout from those two candles.

This a feel type trade as I watch the market.

With all of these reports and numbers coming out I expect a whipsaw.

I would rather have a missed opportunity than lost capital.

DC
"There is MORE Happiness in giving than receiving"
  • #8
  • Nov 14, 2006 6:48am Nov 14, 2006 6:48am
Quoting BurgerKing
We will be having PPI and Retail Sales at the same time!

This will surely cause confusion/whipsaw if the data does not come out inline with each other.

How should we trade this?

I wont Straddle this one! Instead I will wait for the numbers to come out and trade accordingly:
I will go LONG USD IF good PPI and good Retail Sales.
I will go SHORT USD if bad PPI and bad Retail Sales.
Other than these, I'd stay away.

SHOULD I be slow to decypher the numbers then, I need a faster brain

If the move is strong either way, you will not have time to enter a trade or decypher the numbers. It will be too late. You will only have time to enter if there is incertainty in the market about the news and that will be a risky trade.

The release of both PPI and retail sales at the same time is not ideal for us trading the news but I am happy to risk a small straddle.
  • #9
  • Nov 14, 2006 6:57am Nov 14, 2006 6:57am
So we have several strategies in place today.

It will be interesting to see how it all works out today.

My experience with so many reports coming out is whipsaw!! But don't let me influence anybody.

Plan your trade and trade your plan.

DC
"There is MORE Happiness in giving than receiving"
  • #10
  • Nov 14, 2006 6:57am Nov 14, 2006 6:57am
To muddy up the waters even further....................I have seen expected m/m PPI figures ranging from -.2 upt to -.6 on various sites like FF, Bloomberg, Fxstreet, Forexnews etc.
I guess I will let the market tell me what it thinks of this one.
Profit is where readiness meets Opportunity
  • #11
  • Nov 14, 2006 7:01am Nov 14, 2006 7:01am
yeah man i was also surprised to see how much the forcast is deviated on this one, should make for an interesting ride!
Relax and be happy.
  • #12
  • Nov 14, 2006 7:02am Nov 14, 2006 7:02am
btw, today is the first big news we have had while on the new servers. anyone want to bet how many people we can stuff on the site today? LOL
Relax and be happy.
  • #13
  • Nov 14, 2006 7:17am Nov 14, 2006 7:17am
1823


Quoting merlin
btw, today is the first big news we have had while on the new servers. anyone want to bet how many people we can stuff on the site today? LOL
Trade what you see - Not what you think
  • #14
  • Nov 14, 2006 7:25am Nov 14, 2006 7:25am
good guess!

but the question is, will she crash?!?
Relax and be happy.
  • #15
  • Nov 14, 2006 7:26am Nov 14, 2006 7:26am
can anyone remember the last time PPI and retail sales fell on the same day?
Relax and be happy.
  • #16
  • Nov 14, 2006 7:28am Nov 14, 2006 7:28am
At 8:29.50 im buying gbp/usd, eur/usd, and selling usd/chf.
If I Go Broke Trying Then I Will die happy.
  • #17
  • Nov 14, 2006 7:34am Nov 14, 2006 7:34am
Both data were in line... BAD for USD!
  • #18
  • Nov 14, 2006 7:35am Nov 14, 2006 7:35am
yes very bad, this move is violent!!!
Relax and be happy.
  • #19
  • Nov 14, 2006 7:35am Nov 14, 2006 7:35am
Retail sales takes the cake, looks like it is spiking up against the USD! There might be a fade, but dont count on it happening any time now (this is my guess, dont gamble on it).
  • #20
  • Nov 14, 2006 7:36am Nov 14, 2006 7:36am
today aint the day for fades! LOL
Relax and be happy.
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