Friday Retail sales were a miss and cable fell. The miss was not a surprise.
The (linked) headline published Feb 6th from BRC summed up the month for retailers - “keep calm and carry on”.
Were there any other indicators that the market was aware of?
The FT article was published at the start of this week, based on info received from:
Any other indicators?
Yeah, those were the FA, also TA showed up Friday morning UK time.
Picked this one at random, it’s referred to as zero lag macd, there was a trader who showed his use of it back a few years on ET, one ingredient is divergence.
Why did price rise (to the Feb previous high) in the hours/days before the numbers, did the mm’s think that the retail numbers were going to be positive? - I think not.