One of my favorite economic reports is released by the New Zealand Government – have had some good trades!!
I am not so sure how well the market moves on Sunday.
Tomorrow, Sunday, 02-13-11 at 4:45 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!!
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 = 1.5%
Forecast = -0.3%
NZD Core Retail Sales m/m – Stats
Previous = -0.2%
Forecast = -0.3%
It appears that the two report forecasts do not look good for the NZD.
Here is how I am set up for tomorrow:
NZD 4-45PM-02-13-11
Looking for a 1.0 Difference
Actual > Forecast = Good for NZD
NZD Retail Sales m/m high spread
——actual———-forecast——–previous
________________-0.3%______1.5%
out at 0.7% or higher – SELL – EUR/NZD
out at -1.3% or lower – BUY – EUR/NZD
NZD Core Retail Sales m/m
________________-0.3% ______-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 did post a “follow up” report of the results, click here to see what happened.
The next scheduled release of these two reports on Sunday, 03-13-11 at 4:45 PM ET.
I will probably post a “preview“ a day or two prior.
Stay tuned!
P.S. If you are interested in how I set up for a news trade – click on the “Training” link above for some videos.
P.P.S. If you are interested in the books I studied and recommend – click on the “FOREX Books” link above.
