On Tuesday, 04-13-10 at 4:45 PM ET, the New Zealand Statistics released the monthly NZD Retail Sales m/m and NZD Core Retail Sales m/m reports
I wrote a “preview” post of this report, click here to see a review.
A trade was executed for this report, had 2 wins with the currency pair NZD/USD!
Here is what happened this month:
NZD Retail Sales m/m – Stats
Previous = 0.8%
Forecast = 0.2%
Actual = -0.6%
NZD Core Retail Sales m/m – Stats
Previous = 0.3%
Forecast = 0.3%
Actual = -0.9%
Here is how I was set up and what happened:
NZD 4-45PM-04-13-10
Looking for a 1.0 Difference
Actual > Forecast = Good for NZD
NZD Retail Sales m/m high spread
——actual———-forecast———-previous
_____-0.6%_______0.2%________0.8%
out at 1.2% or higher – BUY – NZD/USD
out at -0.8% or lower – SELL – NZD/USD
Bad – “actual” came out lower then “forecast” by 0.8%
Bad – “actual” came out lower then “previous” by 1.4%
NZD Core Retail Sales m
______-0.9%_______0.3% ______0.3%
Bad – “actual” came out lower then “forecast” by 1.2%
Bad – “actual” came out lower then “previous” by 1.2%
Here are the charts:
(AUD/NZD)
a one minute AUD/NZD chart
This currency pair AUD/NZD moved up for 7 minutes about 91 PIPS – right direction
Ranged down!
(EUR/NZD)
a one minute EUR/NZD chart
This currency pair EUR/NZD moved up for 15 minutes about 140 PIPS – right direction
Ranged down!
(NZD/CAD)
a one minute NZD/CAD chart
This currency pair NZD/CAD moved down for 7 minutes about 53 PIPS – right direction
Ranged up!
(NZD/JPY)
a one minute NZD/JPY chart
This currency pair NZD/JPY moved down for 7 minutes about 52 PIPS – right direction
Moved up for 27 minutes about 20 PIPS – wrong direction
(NZD/USD)
a one minute NZD/USD chart
This currency pair NZD/USD moved down for 7 minutes about 51 PIPS – right direction 2 wins here
Ranged for 9 minutes
Looks like the currency pair EUR/NZD had the best move.
The next scheduled release of these two reports on Thursday, 05-13-10 at 6:45 PM ET.
I will probably post a “preview“ a day or two prior.
Stay tuned!
2 Trackbacks
[...] after the reports were released I did post a “follow up” report of the results, click here to see what [...]
[...] after last months reports were released I did post a “follow up” report of the results, click here to see what [...]