Source: www.benzinga.com --- Tuesday, November 03, 2015
Two important reports will be released Tuesday at 7:30 p.m. ET for Australia: Retail Sales and Trade Balance. The Australian Bureau of Statistics releases the change in total retail sales monthly about 35 days after the month to which it pertains. The Trade Balance is also released monthly around the same time. It gives the difference in value between the imported and exported goods and services. If the number is positive then more were exported than imported. Export demand is linked with the nation’s currency demand because foreigners must pay for goods and services in the domestic currency and must purchase the currency first to do so. This can be a trade opportunity for the evening after work. You can enter the trade as early as 7:00 p.m. ET with an expiration of 9:00 p.m. ET. For the recommended trade based on previous market reaction to these reports, you want a profit potential of $30 or more. This trade setup uses Nadex AUD/USD spreads for ... Full story available on Benzinga.com ...
from Australia http://ift.tt/1RNoo0F
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