On Thursday, 03-11-10 at 4:45 PM ET, the New Zealand Statistics will release the monthly NZD Retail Sales m/m and NZD Core Retail Sales m/m reports
This is my first post for these two reports, they are stand alone economic reports.
The last time these two reports were released was on Thursday, 02-11-10 at 4:45 PM ET.
Here is what happened then:
NZD Retail Sales m/m – Stats
Previous = 0.8%
Forecast = 0.7%
Actual = 0.0%
NZD Core Retail Sales m/m – Stats
Previous = 0.8%
Forecast = 0.3%
Actual = -0.8%
Here is how I was set up and what happened:
NZD 2-45PM-02-11-10
Looking for a 1.0 Difference
Actual > Forecast = Good for NZD
NZD Retail Sales m/m high spread
——actual———-forecast———-previous
____0.0%________0.7%________0.8%
out at 1.7% or higher – BUY – NZD/USD
out at -0.3% or lower – SELL – NZD/USD
Bad – “actual” came out lower then “forecast” by 0.7%
Bad – “actual” came out lower then “previous” by 0.8%
NZD Core Retail Sales m/m
___ -1.8% ______0.3% _________0.8%
Bad – “actual” came out lower then “forecast” by 2.1%
Bad – “actual” came out lower then “previous” by 2.6%
Here are the charts:
(AUD/NZD)
a one minute AUD/NZD chart
This currency pair AUD/NZD spike up/down 1st minute about 70 PIPS/ 50 PIPS
Moved up the next 61 minutes about 50 PIPS – right direction
(EUR/NZD)
a one minute EUR/NZD chart
This currency pair EUR/NZD spike up/down 1st minute about 117 PIPS/ 84 PIPS
Moved up the next 60 minutes about 70 PIPS – right direction
(NZD/CAD)
a one minute NZD/CAD chart
This currency pair NZD/CAD spike down/up 1st minute about 41 PIPS/ 32 PIPS
Moved down the next 60 minutes about 36 PIPS - right direction
(NZD/JPY)
a one minute NZD/JPY chart
This currency pair NZD/JPY spike down/up 1st minute about 38 PIPS/ 27 PIPS
Moved down the next 60 minutes about 24 PIPS – right direction
(NZD/USD)
a one minute NZD/USD chart
This currency pair NZD/USD spike down/up 1st minute about 43 PIPS/ 36 PIPS
Moved down the next 60 minutes about 32 PIPS – right direction
Had 2 trade wins here!!!
Looks like the currency pair EUR/NZD had the best move.
Here is what is happening tomorrow:
NZD Retail Sales m/m – Stats
Previous = 0.0%
Forecast = 0.3%
NZD Core Retail Sales m/m – Stats
Previous = -1.8%
Forecast = 0.6%
It appears that the two reports are good for the NZD .
Here is how I am set up for tomorrow:
NZD 2-45PM-03-11-10
Looking for a 1.0 Difference
Actual > Forecast = Good for NZD
NZD Retail Sales m/m high spread
——actual———-forecast———-previous
________________0.3%________0.0%
out at 1.3% or higher – SELL – EUR/NZD
out at -0.7% or lower – BUY – EUR/NZD
NZD Core Retail Sales m/m- 0.6% -1.8%
I am not sure which report has the greatest impact on the market, so I will not trade unless both are headed in the same direction.
Soon after the reports had been released I did post a “follow up” report of the results, click here to see what happened.
The next scheduled release of these two reports on Tuesday, 04-13-10 at 5:45 PM ET.
I will probably post a “preview“ a day or two prior.
Stay tuned!
