On Tuesday, 07-13-10 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 time these 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 = -0.3%
Forecast = 0.6%
NZD Core Retail Sales m/m – Stats
Previous = -0.2%
Forecast = 0.6%
It appears that the two reports are good for the NZD .
Here is how I am set up for tomorrow:
NZD 6-45PM-ET-07-13-10
Looking for a 1.0 Difference
Actual > Forecast = Good for NZD
NZD Retail Sales m/m high spread
——actual———-forecast——–previous
________________0.6%______-0.3%
out at 1.6% or higher – SELL – EUR/NZD
out at -0.6% or lower – BUY – EUR/NZD
NZD Core Retail Sales m
________________0.6% ______-0.2%
I am not sure which report has the greatest impact on the market, so I will probably not trade unless both are headed in the same direction.
I did very well last time with the currency Pair NZD/USD – but the currency pair EUR/NZD looks like it might be a better trade.
Soon after these 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 on Thursday, 08-12-10 at 6:45 PM ET.
I will probably post a “preview“ a day or two prior.
Stay tuned!
