Thursday, 21 July 2016

Fundamental Analysis for today the 21st of July


Today, by 9:30am (Nigerian time) we will have GB Retail Sales news coming out
Trade it on: GBP/USD

Forecast: -0.6%
Trade able trigger: +2.0 or -2.0 deviation

If GB Retail Sales comes out at -2.6% or more negative (-2.0 deviation), GBP/USD will sell by 20 pips or more. but if not, it's better to stay away.

Don't trade this news aggressively.
Good luck.

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