Forex News Trading and Currency Training Analysis Video
We’ll be getting the Retail Sales figure out of New Zealand today, since Retail Sales is a direct reflection of the economy, this release is considered as an high impact release… Here’s the forecast:
6:45pm (NY Time) NZ Retail Sales Forecast 0.5% Previous 0.4%
ACTION: NZD/USD BUY 1.1% SELL -0.1%
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RBNZ (Reserve Bank of New Zealand) will be releasing its interest rate decision today and it is widely expected that Gov. Bollard will hike rates today from the current level of 2.75% to 3.00%; here is the forecast:
5:00pm (NY Time) RBNZ Rate Decision Forecast 3.00% Previous 2.75%
ACTION: NZD/USD BUY 3.25% SELL 2.75%
We’ll be trading the Consumer Price Index (CPI) figure out of New Zealand today. CPI is Inflation, therefore it is a very high impact release. Here’s the forecast:
6:45pm (NY Time) NZ CPI q/q Forecast 0.5% Previous 0.4%
ACTION: NZD/USD BUY 0.8% SELL 0.2%
Our focus will be on the headline CPI number. If we get a better release of 0.8%, we should be looking to BUY NZD/USD; if we get a lower release 0.2%, then we’ll see NZD/USD move down. Usually if our BUY or SELL figures are hit, we could expect the market to move about 40~50 pips within the next 30~90 minutes.
We’ll be getting the Retail Sales figure out of New Zealand today, since Retail Sales is a direct reflection of the economy, this release is considered as an high impact release… Here’s the forecast:
6:45pm (NY Time) NZ Retail Sales Forecast 0.6% Previous -0.3%
ACTION: NZD/USD BUY 1.2% SELL 0.0%
6:45pm (NY Time) NZ GDP q/q Forecast 0.5% Previous 0.8%
ACTION: NZD/USD BUY 0.8% SELL 0.2%
New Zealand GDP is a high impact news release scheduled on a quarterly basis… The expected consensus number is 0.5%, therefore if we get a 0.3% of deviation, we should see market move 40 pips within the hour. NZD has been benefitting from the recent risk appetite sentiment as the result of China’s announcement of ending its peg with USD, and the fact that RBNZ has started its rate tightening cycle. If we get a positive reading on the GDP number, expect NZD/USD to rise and retest recent resistance levels; if the GDP remains heavily to the downside, a decent retracement should be expected of NZD and 0.6800 should provide strong support.
RBNZ (Reserve Bank of New Zealand) will be releasing its interest rate decision today and it is widely expected that Gov. Bollard will hike rates today from the current level of 2.50% to 2.75%; here is the forecast:
5:00pm (NY Time) RBNZ Rate Decision Forecast 2.75% Previous 2.50%
ACTION: NZD/USD BUY 3.00% SELL 2.50%
According to analysts, RBNZ will be following RBA’s (Reserve Bank of Australia) and BOC’s (Bank of Canada) examples and start its rate tightening policy in today’s meeting. Out of 15 analysts surveyed by Bloomberg, 13 have forecasted a hike of 25 basis point and 2 remained at unchanged…
RBNZ (Reserve Bank of New Zealand) will be releasing its interest rate decision today and it is widely expected that Gov. Bollard will keep rates at the current level of 2.50%; here is the forecast:
5:00pm (NY Time) RBNZ Rate Decision Forecast 2.50% Previous 2.50%
ACTION: NZD/USD BUY 2.75%
RBNZ Gov. Bollard
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Revised GDP q/q, or better known as the 2nd quarterly GDP release, is going to be the focus today. Here is the forecast: 4:30am (NY Time) UK Revised GDP q/q Forecast 1.1% Previous 1.1% ACTION: GBP/USD … [Read More...]
8:30am (NY Time) EU Trichet Press Conference ACTION: EUR/USD BUY (Hawkish) SELL (Dovish) Trichet will deliver an official statement along with a Q&A session afterwards. This press … [Read More...]
8:15am NY Time US ADP NFP Change Forecast 40K Previous -20K ACTION: USD/JPY BUY +90K SELL -10K We’ll be focusing on the ADP NFP Employment Release today and … [Read More...]
5:30am (NY Time) BOE Inflation Report N/A ACTION: GBP/USD or GBP/JPY BUY Hawkish SELL Dovish This is a quarterly report from BOE on projections of inflation and the economy for … [Read More...]
7:30pm (NY Time) AU Employment Change Forecast 10.2K Previous 31.2K ACTION: AUD/USD BUY 40K SELL -20K We'll be looking forward to trade the Australian Employment … [Read More...]
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