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We’ll be getting the quarterly release of New Zealand’s GDP, and because it is a quarterly release, market tends to pay more attention to it, thus more volatility is expected. Here’s forecast:
6:45pm NZ GDP q/q Forecast 0.5% Previous 0.8%
Action: NZD/USD BUY 0.8% SELL 0.2%
The Trade Plan
The expected consensus number is 0.3%, and the safe deviation is 0.3%, in the event it is hit, we should see market move 40 pips within the hour.
RBNZ (Reserve Bank of New Zealand) will be releasing its interest rate decision today and it is widely expected that Gov. Bollard will announce that No rate change today…
5:00pm (NY Time) RBNZ Rate Decision Forecast 2.50% Previous 2.50%
ACTION: NZDUSD BUY 2.75%
The Trade Plan
Current forecast from economists surveyed by Bloomberg agree that RBNZ is likely to leave the official rate at 2.5% during this meeting; however, in the unlikely event that Gov. Bollard surprises the market and hike rates to 2.75% or higher, we should see an immediate strong demand in the NZD which is a great opportunity to spike trade BUY NZD/USD.
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 0.7% Previous 0.7%
ACTION: NZD/USD BUY 1.2% SELL 0.2%
New Zealand’s Employment Change is usually reported quarterly, although it is always considered late by the standards of other countries, it is the ONLY indicator available from the Statistics of New Zealand on Employment, and sometimes when we get strong deviations, market tends to move unchallenged…
6:45pm (NY Time) NZ Employment Change Forecast 0.1% Previous 1.4%
NZ Unemployment Rate Forecast 6.5% Previous 6.6%
ACTION: BUY NZD/USD 0.5% / SELL NZD/USD -0.3%
RBNZ (Reserve Bank of New Zealand) will be releasing its interest rate decision today and it is widely expected that Gov. Bollard will announce that No rate change today…
5:00pm (NY Time) RBNZ Rate Decision Forecast 2.50% Previous 2.50%
ACTION: NZDUSD BUY 2.75%
The Trade Plan
Current forecast from economists surveyed by Bloomberg agree that RBNZ is likely to leave the official rate at 2.5% during this meeting; however, in the unlikely event that Gov. Bollard surprises the market and hike rates to 2.75% or higher, we should see an immediate strong demand in the NZD which is a great opportunity to spike trade BUY NZD/USD.
We’ll be getting the quarterly release of New Zealand’s GDP, and because it is a quarterly release, market tends to pay more attention to it, thus more volatility is expected. Here’s forecast:
6:45pm NZ GDP q/q Forecast 0.3% Previous 0.2%
Action: NZD/USD BUY 0.6% SELL 0.0%
The Trade Plan
The expected consensus number is 0.3%, and the safe deviation is 0.3%, in the event it is hit, we should see market move 40 pips within the hour.
RBNZ (Reserve Bank of New Zealand) will be releasing its interest rate decision today and it is widely expected that Gov. Bollard will decide to continue on the post-quake reconstruction timeline. No rate hikes is expected today…
5:00pm (NY Time) RBNZ Rate Decision Forecast 2.50% Previous 2.50%
ACTION: NZDUSD SELL 2.25% / BUY 2.75%
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