The Fundamental FOREX Blog

On Thursday, 08-12-10 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

I did not enter a trade last month – not enough difference!!

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 = 0.4%

Forecast = 0.6%

NZD Core Retail Sales m/m – Stats

Previous = -0.2%

Forecast = 0.6%

It appears that the two reports forecasts are good for the NZD .

Here is how I am set up for tomorrow:

NZD 6-45PM-ET-08-12-10
Looking for a 1.0 Difference
Actual > Forecast = Good for NZD
NZD Retail Sales m/m   high broker spread
——actual———-forecast——–previous
_________________0.6%______0.4%
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 not trade unless both are headed in the same direction.

Soon after these reports were released I posted a “follow up” report of the results, click here to see what happened.

The next scheduled release of these two reports on Monday, 09-13-10 at 6:45 PM ET.

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

Stay tuned!