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GBP retails sales

  • #1
  • First Post: Nov 15, 2006 3:41pm Nov 15, 2006 3:41pm
Any idea/suggestions about forthcoming GBP retails sales data ?
  • #2
  • Nov 15, 2006 3:55pm Nov 15, 2006 3:55pm
my point of view?


datas are not good enough to drive GBP higher~
Although forecats fo MoM is positive
"Quality means doing it right when no one is looking"
  • #3
  • Nov 15, 2006 4:16pm Nov 15, 2006 4:16pm
Quoting Saurabh_g
Any idea/suggestions about forthcoming GBP retails sales data ?
Think it could go three ways.. :
  • #4
  • Nov 15, 2006 6:37pm Nov 15, 2006 6:37pm
I dont know if this makes any sense , but this charts represent the retail sales foe the last tow years , I think it will be worse than 0.2% and may be worse than last month's -0.4%
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  • #5
  • Nov 15, 2006 8:23pm Nov 15, 2006 8:23pm
However, it's towards the end of the year where the seasonal celebration is approaching (christmas) and based on a typical consumer spending pattern, it's suggested that people would spend more or getting the items now than nearing december. Just a thought and my understanding. I might be wrong. What do you guys think of these? :
  • #6
  • Nov 15, 2006 8:27pm Nov 15, 2006 8:27pm
Until the release of the UK retail sales at 9:30 GMT, I think that the cable wouldn't break above 1.8915. Just my speculation and based on the technical picture + method.
  • #7
  • Nov 15, 2006 10:14pm Nov 15, 2006 10:14pm
UK Retail Sales include everything that is sold - including food and energy.

Energy has stabilized and in fact, slightly higher than in September. I am informed that School is back in UK also; which can cause larger "school supply" purchases.

However, the last UK CPI shows a slowdown. Lower prices should imply lower Retail Sales. To get more Retail Sales with Lowered Prices, you'd need higher Sales Volumes - a very difficult thing to achieve.
  • #8
  • Nov 15, 2006 10:42pm Nov 15, 2006 10:42pm
Hello Traders,
GBP Retail sales is playing a important role today. later there are many calendar dat of USA. SO if retail sales are down, gbp is going down by atleast 50 PIPS.

but however dont wait for long time. It may be for shorttime.


HAPPY TRADING...
  • #9
  • Nov 16, 2006 3:33am Nov 16, 2006 3:33am
0.9%!

That was a nice trade!
  • #10
  • Nov 16, 2006 3:37am Nov 16, 2006 3:37am
Quoting BurgerKing
0.9%!

That was a nice trade!
Good for you!
Unfortunately had problems with connection to my broker server and missed the spike
  • #11
  • Nov 16, 2006 3:38am Nov 16, 2006 3:38am
+ 27 pips with 3 lots
  • #12
  • Nov 16, 2006 3:41am Nov 16, 2006 3:41am
Quoting Chicane
Good for you!
Unfortunately had problems with connection to my broker server and missed the spike
Same problem with mine but nabbed 10 pips at the top in & out like a weazel!!
Eish! If you don't fly with the eagles you'll scratch with the turkeys
  • #13
  • Nov 16, 2006 3:47am Nov 16, 2006 3:47am
I was right. There was a movement of 50 PIPS....
  • #14
  • Nov 16, 2006 3:48am Nov 16, 2006 3:48am
i am new here and new on forex
but today i win 16 pips on GBPUSD
16 pips for 0.2 lots
  • #15
  • Nov 16, 2006 4:08am Nov 16, 2006 4:08am
got the fade for another +20

makes +252 for the week (no negs)
  • #16
  • Nov 16, 2006 4:08am Nov 16, 2006 4:08am
That was a nice + 19 pips for me, Nice trade.

Now on to the US cpi news.
  • #17
  • Nov 16, 2006 4:14am Nov 16, 2006 4:14am
well done jimo, i am at 25 pips profit so far, will place my stops and limits soon and let it run, well chuffed to jimo, i have been demoing for 8 months and found a system that works, went live this week, messed up my first trade, but that whent into profit, took a few more pips here and there, but today looks to be the best so far for me, the guys in this forum have been a major help, Many thanks to you all.
  • #18
  • Nov 16, 2006 4:17am Nov 16, 2006 4:17am
Where are you guys/gals getting your news at? Live news feed of some kind? Thanks in advance for any and all input-
  • #19
  • Nov 16, 2006 5:35am Nov 16, 2006 5:35am
Quoting Chicane
Good for you!
Unfortunately had problems with connection to my broker server and missed the spike
This is why I have 2 brokers and soon to open another one.
  • #20
  • Nov 16, 2006 5:43am Nov 16, 2006 5:43am
Quoting Chicane
Good for you!
Unfortunately had problems with connection to my broker server and missed the spike
whats your broker?
did yoy use NF?north finance?
i have some problem with nf too
server error
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