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New Zealand Retail Sales

New Zealand Retail Sales m/m 10/12/09

by Henry Liu on October 11, 2009

[flv:http://www.newsprofiteer.com/101209-nzdretail/101209-nzdretail.mp4 480 360]

5:45pm (NY Time)       NZ Retail Sales Forecast 0.6%  Previous -0.5%
ACTION: NZD/USD      BUY 1.2%      SELL -0.1%

This is the measurement of consumer spending in the retail sector, as it reflects the strength of the economy and the pace of the recovery. We’ll be looking for a deviation of at least 0.6% from the consensus, therefore a positive 1.2% will be bullish signal for NZD, or a -0.1% will be a negative signal for NZD.  We’ll look for entries after the release in the direction of the signal, provided that the market shows initial confirmation in the direction of the release first, coupled with a decent retracement for proper risk to reward ratio, then we’ll make our entry.

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NZ Retail Sales m/m 08/13/09

by Henry Liu on August 12, 2009

6:45pm (NY Time)  NZ Retail Sales Forecast -0.3%  Previous -0.1%
ACTION: NZD/USD      BUY 0.3%      SELL -1.0%

This is measurement of consumer spending in the retail sector, we’ll be looking for a deviation of at least 0.6% from the forecast number, therefore a positive 0.3% will be bullish signal for NZD, or a -0.1% will be a negative signal for NZD.  We’ll look for entries after the release in the direction of the signal.

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