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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%
RBNZ (Reserve Bank of New Zealand) will be rendering its Interest Rate Decision on the current rate of 2.50%. Analysts consensus is for an unchanged verdict at 2.50% as the current market condition and New Zealand’s economic outlook don’t justify further rate cutting or hiking at this present moment. However, it is possible we might see some speculative market movement prior to this release, as the accompanied statement may disclose future monetary policy direction and surprise the market.
4:30am (NY Time) UK Retail Sales Forecast 1.3% Previous -0.3% ACTION: GBP/USD BUY 1.9% SELL 0.7% We’ll be looking to tradethe Retail Sales release today from … [Read More...]
4:30am (NY Time) UK Manufacturing PMI Forecast 54.1 Previous 54.1 ACTION: GBP/USD BUY 56.1 SELL 52.1 Our focus for today will be on the Manufacturing PMI number … [Read More...]
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7:30pm (NY Time) AU Employment Changes Forecast 5.3K Previous 24.5K ACTION: AUD/USD BUY +40K SELL -25K Our focus will be on the Australian Employment Changes release today as this news … [Read More...]
10:00am (NY Time) US ISM Manufacturing PMI Forecast 53.1 Previous 52.6 ACTION: USD/JPY BUY 55.5 SELL 50.0 With US ISM Manufacturing release today, we'll be looking for a … [Read More...]
Today's Retail Sales number will be the first high impact news release out of the UK today, and as retail sales usually makes up a large portion of the GDP number, market should react to this release with … [Read More...]
4:30am (NY Time) UK Retail Sales Forecast 0.4% Previous -0.6% ACTION: (GBP/USD) BUY 1.0% SELL … [Read More...]
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