|Date||Wednesday 7th August 2019|
The RBNZ announce their interest rate decision during the Asian session.
Of the 21 economists surveyed, 18 expect a 25bps cut from 1.50% to 1.25%. The likelihood of a 25bps cut is priced into the market, therefore we will only be looking to trade unchanged or a 50bps cut.
We will be trading NZD/USD. We will be selling the pair on a rate cut to 1%, and buying the pair if the RBNZ remain on hold.
What happened last time?
|NZD RBNZ Interest Rate Decision – 19-05-08|
|One minute spike||79 pips|
Setting up procedure
|Main Event||NZD RBNZ Interest Rate Decision|
Good luck! Let us know how you get on in comments section.