NZ RBNZ Interest Rates | August 9, 2017 | Currency Trading

Event Details At-A-Glance:
1.75%1.75%1.75%0.25%

RBNZ Interest Rates decision today is expected remain at the current level of 1.75% as there are practically no forecasts of a change, and considering recent consolidation but still above trend gains in the Kiwi, it is just another confirmation for RBNZ not to make a surprise move today.

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NZD is still overall likely to remain resilient, despite recent economic readings.  If I were to choose a direction for the NZD, it would be long.

5:00pm (NY Time) RBNZ Interest Rates Decision Forecast 1.75% Previous 1.75%
DEVIATION: 0.25% (BUY NZD 2.00% / SELL NZD 1.50%)

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The Trade Plan 
Current forecast from economists surveyed by Bloomberg agree that RBNZ is likely to keep the official rate by unchanged at this meeting; however, in the event that Governor Wheeler surprises the market either by cutting rates or hiking it by 0.25%, we should see an immediate strong volatility in the NZD which is a great opportunity to spike trade NZD.

For more information on my trading methods, please read: http://www.currencynewstrading.com/how-to-get-started-with-news-trading/

I’d recommend to use the Recommended Pairs from above as they are based on my CSM, which should provide the best combination of currency pairs to trade based on better/worse news… of course, you can also trade the default pair: NZDUSD.

 

 

   

Outlook Score
Outlook score is derived from market sentiment, focus, and economic indicators for the currency. It represents the long-term trend of the currency and its market perception. In short, a strong Outlook Score means more long-term demand for the currency, and a weak Outlook Score is the opposite.

Definition:
The OCR (Official Cash Rate or RBNZ Interest Rates) influences the price of borrowing money in New Zealand and provides the Reserve Bank with a means of influencing the level of economic activity and inflation. An OCR is a fairly conventional tool by international standards.

Thanks,




Currency Pair Stats
Pair2H50+2H50RangeDirectionPN30PN60PN90Spike
NZDJPY66.7%45.8%7097.8%17252937
NZDUSD77.8%66.7%6997.8%17232739
2H-50+ = % of 50+ pips move in 2hrs. | 2H-50 = % of 50+ pips move in 2hrs. for the last 2 years | Range = average range in 2 hrs. | Direction = % match following news direction | PN30 / PN60 / PN90 = average pips move before news release in 30, 60, or 90 mins. period | Spike = initial average spike
About Henry Liu

My name is Henry Liu and I am a Forex Trader and Mentor. I help traders achieve consistent income trading Forex while spending less time trading. My focus in trading is a combination of Fundamental Analysis, Technical Analysis, and Market Sentiment. Far too many retail Forex traders concentrate on just one aspect of trading, technical analysis, and ignore everything else; it is my goal (and vision) to educate every trader on how to take advantage of news trading and become more balanced traders.

You can find more information about me on my Google Profile.

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