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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 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%
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 should be expected until sometime next year.
5:00pm (NY Time) RBNZ Rate Decision Forecast 2.50% Previous 2.50%
ACTION: NZDUSD SELL 2.25%
RBNZ (Reserve Bank of New Zealand) will be releasing its interest rate decision today and it is widely expected that Gov. Bollard will cut rates by 25 basis points today to 2.75%; here is the forecast:
3:00pm (NY Time) RBNZ Rate Decision Forecast 2.75% Previous 3.00%
ACTION: AUDNZD SELL 3.00%
The Trade Plan
With current forecast from 10 out of 14 economists surveyed by Bloomberg agreeing that RBNZ is likely to cut rates during this meeting and with current market pricing in 100% of the effects of the cut, here are the likely scenarios:
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 unchanged today at 3.00%; here is the forecast:
3:00pm (NY Time) RBNZ Rate Decision Forecast 3.00% Previous 3.00%
ACTION: NZD/USD BUY 3.25%
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:
4:45pm (NY Time) NZ CPI q/q Forecast 2.3% Previous 1.1%
ACTION: NZD/USD BUY 2.6% SELL 2.0%
The Basic Plan
Our focus will be on the headline CPI number. If we get a better release of 2.6%, we should be looking to BUY NZD/USD; if we get a lower release 2.0%, 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.
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 unchanged today at 3.00%; here is the forecast:
3:00pm (NY Time) RBNZ Rate Decision Forecast 3.00% Previous 3.00%
ACTION: NZD/USD BUY 3.25%
The Trade Plan
With current forecast from all 14 economists surveyed by Bloomberg agreeing that RBNZ is likely to keep rates unchanged during this meeting, possibilities of getting in on a trade after the release is not very likely; however, in the event that Gov. Bollard surprises the market by:
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 unchanged today at 3.00%; here is the forecast:
4:00pm (NY Time) RBNZ Rate Decision Forecast 3.00% Previous 3.00%
ACTION: NZD/USD BUY 3.25%
The Trade Plan
With current forecast from all 15 economists surveyed by Bloomberg agreeing that RBNZ is likely to keep rates unchanged during this meeting, possibilities of getting in on a trade after the release is not very likely; however, in the event that Gov. Bollard surprises the market by:
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