|Date||Wednesday 13th November 2019|
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|
|One minute spike||107 pips|
Setting up procedure
|Main Event||NZD RBNZ Interest Rate Decision|