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
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