Each month, investors and economic analysts cast an eye over a number of key reports. Since 1951, the Retail Sales Index (RSI) report has solidified its status as one of the most important of these, largely due to its overview of the value of merchandise sold within the retail trade sector. Calculated by reviewing a selection of companies engaged in the business of selling end products to consumers, the report has always been a true testament to how companies of all sizes—from Walmart down to small-town stores—are collectively impacting the U.S. economy.
To help you understand its consistent relevance, the following breaks down the RSI report, explaining why it’s important and how you should approach it from a forex trading perspective.
Read More