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 |
How we setup
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 |