[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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