NZD Retail Sales Jan 18 | Forex Factory

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NZD Retail Sales Jan 18

  • #1
  • First Post: Jan 18, 2007 9:36am Jan 18, 2007 9:36am
This one is coming out in 6 hours.

Previous is 0.3%.
Forecast is -0.1%, lower than previous; NZ Economy doing poorly?
  • #2
  • Jan 18, 2007 9:38am Jan 18, 2007 9:38am
I been long from .6879 but the data always seem to take some of my profits back.. so it time for it to give it push.... lol
  • #3
  • Jan 18, 2007 12:43pm Jan 18, 2007 12:43pm
NZD CPI also came weak, I think if today retail sales number come weak NZD against USD will fall to some extent ...... Last time it has fallen with CPI about 80 pips on news..........I want to straddle the news with NZD/USD . Any insights or advice on this regard?
Thank you all in advance
Banda
BANDA333
  • #4
  • Jan 18, 2007 3:32pm Jan 18, 2007 3:32pm
report in 15 min... any comments ?
  • #5
  • Jan 18, 2007 3:41pm Jan 18, 2007 3:41pm
We had record credit card transactions here in NZ over Xmas...

A
  • #6
  • Jan 18, 2007 3:58pm Jan 18, 2007 3:58pm
Not a good move there...

24 pips and a total reversal.
  • #7
  • Jan 18, 2007 4:01pm Jan 18, 2007 4:01pm
lost 10 pips
  • #8
  • Edited 4:13pm Jan 18, 2007 4:02pm | Edited 4:13pm
My theory is that there should be a minor selloff news reaction after 5 PM Eastern, people probably trying to avoid the negative swap on the sell.
  • #9
  • Jan 18, 2007 4:04pm Jan 18, 2007 4:04pm
Quote
*(NZ) NOV NEW ZEALAND RETAIL SALES M/M: -0.2% V -0.1%E; EX- AUTO: -0.1% V 0.1% PRIOR
- prior Retail Sales Ex-Auto was revised to 0.1% from 0.2%<NZD/USD NZD/JPY>

Incredible this did not move the NZDUSD down... all the numbers were NZD negative.

I wasnt able to trade this though... crap my alarm did not go off. oh well, i couild have been taken for a loss there anyways.
  • #10
  • Jan 18, 2007 4:07pm Jan 18, 2007 4:07pm
Man, these revisions are happening on almost every news item these days.
Quoting BurgerKing
Incredible this did not move the NZDUSD down... all the numbers were NZD negative.

I wasnt able to trade this though... crap my alarm did not go off. oh well, i couild have been taken for a loss there anyways.
  • #11
  • Jan 18, 2007 4:13pm Jan 18, 2007 4:13pm
If it does not move down in 10-15 minutes, this theory goes out the window.

Quoting forexplayer
My theory is that there should be a minor selloff news reaction after 5 PM Eastern, people probably trying to avoid the negative swap on the sell.
  • #12
  • Jan 18, 2007 4:30pm Jan 18, 2007 4:30pm
Despite strong US numbers today dollar is down across the board and Kiwi is benefitting from that despite poor retail sales data. Somehow I managed +6pips from this with NZD/USD. I think with AUD/NZD it could have been a better trade.
  • #13
  • Last Post: Jan 18, 2007 4:34pm Jan 18, 2007 4:34pm
The craziest thing is that one minute before the news both the NZD/USD and AUD/NZD moved down at the same time when they are supposed to go in opposite directions.

The AUD/NZD moved down 50 pips in the wrong direction before moving back up on news when NZD/USD fell. Go figure !
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