by Henry Liu on December 8, 2009
3:00pm (NY Time) RBNZ Rate Decision Forecast 2.50% Previous 2.50%
ACTION: NZD/USD BUY 2.75% SELL Unchanged
RBNZ is expected to keep rates unchanged at the current level of 2.50% once again during today’s rate decision, as unanimously agreed by all economists surveyed, according to Bloomberg. As a matter of fact, there seems to be no fundamental reason supporting a rate hike for NZD in the near future, as the current inflationary target for NZD remains below the magical 2.0% level until perhaps 2011…
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by Henry Liu on December 1, 2009
7:30pm NY Time AU Retail Sales Forecast 0.4% Previous -0.2%
ACTION: BUY 1.0% SELL -0.2% AUD/USD
Our focus today will be to look for a deviation of 0.6% from the forecast release of 0.4%. Therefore, if we get a 1.0% or -021%, we’d have our trigger to get in either on a LONG or SHORT trade depending on the release, with a high probability of seeing the market moving over 50 pips in the next 2 hours.
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