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CORE RETAIL SALES REPORT The US Core Retail Sales report measures the change in the total value of sales made to the US consuming public, excluding sales of automobiles. It is an important measure of consumer spending. This news report has become very important over the years following the global financial crisis where consumer spending was badly hit as a result of the subprime mortgage crisis, which triggered foreclosures, bank collapses and the attendant loss of jobs that reduced disposable income. The Core Retails Sales report is therefore used to measure to what extent consumers are spending, as the spending habits of consumers are directly proportional to how much cash they have. The level of disposable income available to consumers to spend is a direct measure of the state of the economy. Manufacturers of consumer goods and retail outlets depend on the ability of the consuming public to buy their goods to keep them afloat. When these production outlets are afloat, then jobs can be created and a positive cycle can be perpetrated, keeping the economy healthy. http://www.signals-provider.com

Secrets of Forex Brokers Every magician has his secret tricks of the trade. Naturally no magician would reveal their magic tricks for they would not earn any money with them anymore. The tricks of the trade enable any professional of any profession to have an edge over the client when it comes to knowledge, timing, and income. Such tricks of the trade also exist when it comes to Forex brokers. No matter if you want to be a Forex broker or if you are a concerned client, we will take you behind the tricks of the trade of Forex brokers. Forex brokers are mediators on the market for the clients. They are the ones who advice their clients to buy or sell and they are also responsible for the actual buying and selling transaction. http://www.signals-provider.com

I can see the blooming motivation of a beginner trader transpire through this question. You’ve just discovered forex trading and you’re wondering “gee, could I do this, like, all the time!?” Well the answer is almost. The forex market is a 24/5 market. It simply means that the forex market is opened for 24 hours every working days of the week. Depending on your time zone, it opens on Sunday night (at 10PM GMT) and closes on Friday night (at 10PM GMT). As you can see, the forex market is actually closed during weekends. I remember back when I first started trading forex I was so disappointed that it would be closed on weekends. I wanted to trade more! After a while though I realized that I actually needed to sleep once in a while and having free weekends became a pretty cool thing. Obviously it was at this point that I decided to do some intensive testing for different strategies and I couldn’t do that during the week (trading time!) so I decided to test during weekends. Sleeping time was over. The market being open is not enough a reason to be trading. There are several reasons for this. 1) You need to rest Weird to start from there, but I think it’s an important point. As a beginner forex trader, you might start to get obsessed with trading and will want to spend all your waking hours looking at candles going up and down. You need to sleep. The market will still be there tomorrow. Have a rest, get away from your computer and think things over. I’ve had my most important forex trading breakthroughs away from the computer. You could be spreading bread on a piece of toast and suddenly realise “heyyy, here’s something I should be testing!” 2) The market conditions are not always great As you’ve learned by going through our forex training (if you haven’t, shame on you), the forex market is divided in several sessions. Some sessions are more active than others. Thankfully for us in the UK, the UK session is the most active session of all.

USD/CAD erases intraday gains The USD/CAD rose to a high of 1.0485 on broad USD strength but failed to break above that level and erased intraday gains during the European session. With not much Canadian or US data on the docket, the USD/CAD as most pairs in the FX market, has spent most of the day within recent ranges unable to pick momentum to set a clear direction. Having bottomed out at 1.0460, the USD/CAS is presently trading at the 1.0465 zone, virtually unchanged on the day ahead of the American opening. USD/CAD supports & resistances If USD/CAD breaks below 1.0460 it could fall towards 1.0440 (Nov 14 low) and 1.0400 (psychological level). On the other hand, resistances are seen at 1.0485 (daily high), 1.0500 (psychological level) and 1.0525 (Nov 15 high).