2012-11-14 10:34:56 -
LONDON, UNITED KINGDOM -- (Marketwire) -- 11/14/12 -- Consumer Spending makes up most of US GDP so a positive figure here could indicate another overall positive US GDP figure. With continued stimulus, a rise in retail sales of more than 1.1% (seasonally adjusted) is expected.
But how should forex traders approach this?
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Stronger US spending and an increase in the market's confidence in the figures, as well as falling unemployment and increasing house sales, does suggest that the consumer economy is on the up and up. However, before forex traders start leaping to bet on the US economy blooming exponentially, it is important to be cautious.
Weakness in the Eurozone could mean that the current positive trend will plateau and is not likely to improve in the near future, especially as typically volatile retail sales are as likely to go down as they are to go up. For forex traders, this can have a huge impact on how they decide what to do.
Vantage FX UK is a professional and reliable place from which forex traders, who are interested in trading USD, can make the most of how this announcement affects the forex market : www.vantagefx.co.uk/market-news/daily-currency-highlights/
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