Date: Thursday 7th March 2019
AUD Retail Sales MoM is released during the Asian session. This event is only tradeable with a large deviation. If a trade is triggered, we look for a spike of 20-30 pips.
Australia’s method for releasing events is much less efficient than other countries. There is at times, a delay between each news provider receiving the data. If it appears that the market has reacted, but we have not received the data, hit abort and skip this event.
What happened last time?
One minute spike: 15 pips
Setting up procedure
Our market of choice: AUD/USD
AUD Retail Sales MoM
As always, make sure you set the auto-click locations, and we advise hitting load on News Trader Pro 60 seconds before the scheduled release time. Good luck!