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

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

DEFINITION

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“Measures the value of sales at the retail level. A rising trend has a positive effect on the nation´s currency because Retail Sales make up a large portion of consumer spending, which is a major driver of the economy and has a sizable impact on GDP. Traders pay close attention to Retail Sales because it is usually the first significant indicator of the month that relates to consumer behavior and is susceptible to surprises.”

Update: Report came out better than expected, we were able to jump in the trade and make 6 pips of profit from spike trading.

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My name is Henry Liu and I am a Forex Trader and Mentor. I help traders achieve consistent income trading Forex while spending less time trading. My focus in trading is a combination of Fundamental Analysis, Technical Analysis, and Market Sentiment. Far too many retail Forex traders concentrate on just one aspect of trading, technical analysis, and ignore everything else; it is my goal (and vision) to educate every trader on how to take advantage of news trading and become more balanced traders.

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