Date | Wednesday 7th August 2019 |
Time | 02:00 |
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 | |
Time | 02:00 |
Forecast | 1.50 |
Actual | 1.50 |
Deviation | 0 |
One minute spike | 79 pips |
How we setup
Main Event | NZD RBNZ Interest Rate Decision |
Market | NZD/USD |
Deviation | +/-0.05 |
Prior | 1.50 |
Forecast | 1.25 |
Triggers |
Buy >1.25 Sell <1.25 |