Today’s quarter three retail sales volumes have been released and while it is a second trier data release, it is still a closely watched component of production GDP. The data arrived as follows and as a positive for the bird: Data release New Zealand Retail Sales (QoQ) (Q3) Actual: 4.5% Vs 0.2% Previous. New Zealand Core Retail Sales (Qoq) Actual: 1.6% Vs 0.2% Previous. NZD/USD jumps 20 pips from 0.6406 to a high of 0.6425. FX implications The retail Sales released by the Statistics New Zealand measures the total receipts of retail stores. Quarterly percent changes reflect the rate of changes of such sales. Changes in Retail Sales are widely followed as an indicator of consumer spending. A high reading is seen as positive (or bullish) for the NZD, while a low reading is seen as negative (or bearish). On this data, the bird has spiked about 20 pips. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next NZD/USD: On the bids around 0.6420 after upbeat NZ retail sales data FX Street 3 years Today's quarter three retail sales volumes have been released and while it is a second trier data release, it is still a closely watched component of production GDP. The data arrived as follows and as a positive for the bird: Data release New Zealand Retail Sales (QoQ) (Q3) Actual: 4.5% Vs 0.2% Previous. New Zealand Core Retail Sales (Qoq) Actual: 1.6% Vs 0.2% Previous. NZD/USD jumps 20 pips from 0.6406 to a high of 0.6425. FX implications The retail Sales released by the Statistics New Zealand measures the total receipts of retail stores. Quarterly percent changes reflect the rate of… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
