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 |
How we setup
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 |