The Fundamental FOREX Blog

On Thursday, 04-13-10 at 6:45 PM ET, the New Zealand Statistics will release the monthly NZD Retail Sales m/m and NZD Core Retail Sales m/m reports

Soon after last months reports were released I did post a “follow up” report of the results, click here to see what happened.

Here is what is happening tomorrow:

NZD Retail Sales m/m – Stats

Previous = 0.8%

Forecast = 0.2%

NZD Core Retail Sales m/m – Stats

Previous = 0.3%

Forecast = 0.3%

It appears that the two reports are not very good for the NZD .

Here is how I am set up for tomorrow:

NZD 6-45PM ET-04-13-10
Looking for a 1.0 Difference
Actual > Forecast = Good for NZD
NZD Retail Sales m/m high spread
——actual———-forecast———-previous
________________0.2%________0.8%
out at 1.2% or higher – BUY – NZD/USD
out at -0.8% or lower – SELL – NZD/USD
NZD Core Retail Sales MoM
_________________0.3% ______0.3%

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 were 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 is on Thursday, 05-13-10 at 6:45 PM ET.

I will probably post a “preview“ a day or two prior.

Stay tuned!