The Fundamental FOREX Blog

On Tuesday, 05-13-10 at 6:45 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.

Three trades were executed for this report, had 3 wins with the currency pair NZD/USD!

Here is what happened this month:

NZD Retail Sales m/m – Stats

Previous = -0.6%

Forecast = 1.2%

Actual = 0.5%

NZD Core Retail Sales m/m – Stats

Previous = -0.9%

Forecast = 1.5%

Actual = 1.1%

Here is how I was set up and what happened:

NZD 6-45PM-ET-05-13-10
Looking for a 1.0 Difference
Actual > Forecast = Good for NZD
NZD Retail Sales m/m   high spread
——actual———-forecast——–previous
_____0.5%_______1.2%______-0.6%
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 0.7%
Good – “actual” came out higher then “previous” by 1.1%

NZD Core Retail Sales m
______1.1%_______1.5% ______-0.9%
Bad – “actual” came out lower then “forecast” by 0.4%
Good – “actual” came out higher then “previous” by 1.4%

Here are the charts:

(AUD/NZD)

a one minute AUD/NZD chart

This currency pair AUD/NZD moved up for 31 minutes about 64 PIPS – right direction

(EUR/NZD)

a one minute EUR/NZD chart

This currency pair EUR/NZD moved up for 45 minutes about 85 PIPS – right direction

(NZD/CAD)

a one minute NZD/CAD chart

This currency pair NZD/CAD moved down for 32 minutes about 35 PIPS – right direction

(NZD/JPY)

a one minute NZD/JPY chart

This currency pair NZD/JPY moved down for 38 minutes about 35 PIPS – right direction

(NZD/USD)

a one minute NZD/USD chart

This currency pair NZD/USD moved down for 31 minutes about 35 PIPS – right direction

Looks like the currency pair EUR/NZD had the best move.

The next scheduled release of these two reports on Sunday, 06-13-10 at 6:45 PM ET.

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

Stay tuned!