NZD RBNZ Interest Rate Decision - 19-08-07

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

Setting up procedure

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

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

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