NZD RBNZ Interest Rate Decision - 19-11-13

Date Wednesday 13th November 2019
Time 01:00

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

Of the 21 economists surveyed by Bloomberg, 16 expect a 25bps cut from 1.00% to 0.75%. 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 0.75%, and buying the pair if the RBNZ remain on hold.

What happened last time?

NZD RBNZ Interest Rate Decision – 19-08-07
Time 02:00
Forecast 1.25
Actual 1.00
Deviation -0.25
One minute spike 107 pips

Setting up procedure

Main Event NZD RBNZ Interest Rate Decision
Market NZD/USD
Deviation +/-0.05
Prior 1.00
Forecast 0.75
Triggers Buy >0.75
Sell <0.75

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