NZD RBNZ Interest Rate Decision - 19-05-08

Date Wednesday 8th May 2019
Time 02:00

The RBNZ announce their interest rate decision during the Asian session.

The RBNZ are expected to make a move on rates for the first time in over two years. Analysts forecast a cut of 25bps, however markets have only priced a 40% chance of this move happening. Therefore we expect a strong reaction to this event regardless of the outcome.

We will be trading NZD/USD. We will be selling the pair on a rate cut, and buying the pair if the RBNZ remain on hold.

What happened last time?

NZD RBNZ Interest Rate Decision – 18-05-09
Time 21:00
Forecast 1.75
Actual 1.75
Deviation 0

Setting up procedure

Main Event NZD RBNZ Interest Rate Decision
Market NZD/USD
Deviation +/-0.05
Prior 1.75
Forecast 1.50
Triggers Buy >1.6
Sell <1.6

Good luck! Let us know how you get on in comments section.

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