The Fundamental FOREX Blog

On Thursday, 08-12-10 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 = 0.4%

Forecast = 0.6%——————-revised=0.5%

Actual = 0.9%

NZD Core Retail Sales m/m – Stats

Previous = -0.2%

Forecast = 0.6%

Actual = 1.5%

Here is how I was set up and what happened:

NZD 6-45PM-ET-08-12-10
Looking for a 1.0 Difference
Actual > Forecast = Good for NZD
NZD Retail Sales m/m high spread
——actual———-forecast——–previous
_________________0.6%______0.4%
______0.9%_______ 0.5%
out at 1.6% or higher – SELL – EUR/NZD
out at -0.6% or lower – BUY – EUR/NZD
Good – “actual” came out higher then “forecast” by 0.3%
Good – “actual” came out higher then revised “forecast” by 0.4%
Good – “actual” came out higher then “previous” by 0.5%

NZD Core Retail Sales m
_____1.5%_______0.6% ______-0.2%
Good – “actual” came out higher then “forecast” by 0.9%
Good – “actual” came out higher then “previous” by 1.7%

Here are the charts:

(AUD/NZD)

a one minute AUD/NZD chart

This currency pair AUD/NZD moved down for 35 minutes about 85 PIPS – RD

(EUR/NZD)

a one minute EUR/NZD chart

This currency pair EUR/NZD moved down for 16 minutes about 135 PIPS – RD

(NZD/CAD)

a one minute NZD/CAD chart

This currency pair NZD/CAD moved up for 40 minutes about 58 PIPS – RD

(NZD/JPY)

a one minute NZD/JPY chart

This currency pair NZD/JPY moved up for 39 minutes about 58 PIPS – RD

(NZD/USD)

a one minute NZD/USD chart

This currency pair NZD/USD moved up for 50 minutes about 52 PIPS – RD

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!