|By Marketwired .||
|November 14, 2012 04:30 AM EST||
LONDON, UNITED KINGDOM -- (Marketwire) -- 11/14/12 -- Consumer Spending makes up most of US GDP so a positive figure here could indicate another overall positive US GDP figure. With continued stimulus, a rise in retail sales of more than 1.1% (seasonally adjusted) is expected.
But how should forex traders approach this?
Multi award winning broker, Vantage FX UK offer both new and experienced forex traders a range of services to help them make the most of the bustling foreign exchange markets and the knowledge needed to deal with situations such as this. They offer:
- Forex Webinars
- Forex Basics
- Technical Analysis Advice
- Risk Management Guidance
- Trading Psychology Help
- Meta Trader 4 Tutorials
Stronger US spending and an increase in the market's confidence in the figures, as well as falling unemployment and increasing house sales, does suggest that the consumer economy is on the up and up. However, before forex traders start leaping to bet on the US economy blooming exponentially, it is important to be cautious.
Weakness in the Eurozone could mean that the current positive trend will plateau and is not likely to improve in the near future, especially as typically volatile retail sales are as likely to go down as they are to go up. For forex traders, this can have a huge impact on how they decide what to do.
Vantage FX UK is a professional and reliable place from which forex traders, who are interested in trading USD, can make the most of how this announcement affects the forex market and enjoy:
- Tight Spreads From 0.4 pips
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- Web and mobile platforms
- Segregated, Secure Client Funds
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For more information, visit Vantage FX UK's website (www.vantagefx.co.uk) or follow Vantage FX UK on Twitter (@VantageFXUK).
About Vantage FX UK
Vantage FX UK is an internationally recognised foreign exchange trading broker based in the City of London, providing foreign exchange trading services to clients in the UK, the EU and the rest of the world.
What sets Vantage FX forex brokers apart is the wide range of services and outstanding level of customer support they provide. The company strives to provide an intuitive, interactive Forex experience by continually innovating and taking advantage of the latest trading technology, such as MetaTrader 4 and Expert Advisors.
Vantage FX also offers extensive educational resources to help give traders their edge, keep up with daily market commentary and try an FX trading demo account.
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