On Tuesday, 07-13-10 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.
Did not enter a trade – not enough difference!!
Here is what happened this month:
NZD Retail Sales m/m – Stats
Previous = -0.3%
Forecast = 0.6%
Actual = 0.4%
NZD Core Retail Sales m/m – Stats
Previous = -0.2%
Forecast = 0.6%
Actual = -0.2%
Here is how I was set up and what happened:
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
_____0.4%________0.6%______-0.3%
out at 1.6% or higher – SELL – EUR/NZD
out at -0.6% or lower – BUY – EUR/NZD
Bad – “actual” came out lower then “forecast” by 0.2%
Good – “actual” came out higher then “previous” by 0.7%
NZD Core Retail Sales m
_______-0.2%______0.6% ______-0.2%
Bad – “actual” came out lower then “forecast” by 0.8%
Neutral – “actual” came out same as “previous”
Here are the charts:
(AUD/NZD)
a one minute AUD/NZD chart
This currency pair AUD/NZD moved up 1st 3 minutes about 42 PIPS – RD
Moved down next 18 minutes about 17 PIPS – WD
Ranged!
(EUR/NZD)
a one minute EUR/NZD chart
This currency pair EUR/NZD moved up 1st 3 minutes about 65 PIPS – RD
Moved down next 27 minutes about 42 PIPS – WD
(NZD/CAD)
a one minute NZD/CAD chart
This currency pair NZD/CAD moved down 1st 3 minutes about 24 PIPS – RD
Moved up next 16 minutes about 14 PIPS – WD
Ranged!
(NZD/JPY)
a one minute NZD/JPY chart
This currency pair NZD/JPY moved down 1st 3 minutes about 24 PIPS – RD
Ranged for 11 minutes
Moved up next 5 minutes about 14 PIPS – WD
(NZD/USD)
a one minute NZD/USD chart
This currency pair NZD/USD moved down 1st 3 minutes about 26 PIPS – RD
Moved up next 16 minutes about 16 PIPS – WD
Ranged!
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!
One Trackback
[...] after last months reports were released I did post a “follow up” report of the results, click here to see what [...]