NZ RBNZ Interest Rate – 4/25/12
RBNZ (Reserve Bank of New Zealand) will be releasing its interest rate decision
today and it is widely expected that Gov. Bollard will announce that No rate
change today…
5:00pm (NY Time) RBNZ Rate Decision Forecast 2.50% Previous 2.50%
ACTION: NZDUSD BUY 2.75%
Definition:The OCR (Official Cash Rate of New Zealand) 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.
The Trade Plan
Current forecast from economists surveyed by Bloomberg agree that RBNZ is likely to leave the official rate at 2.5% during this meeting; however, in the unlikely event that Gov. Bollard surprises the market and hike rates to 2.75% or higher, we should see an immediate strong demand in the NZD which is a great opportunity to spike trade BUY NZD/USD.
--->>>Using Economic Indicators to Improve Investment Analysis (The Wiley Finance Series) - Evelina M. Tainer - EUR 34,96
--->>>Guide to Economic Indicators - Norman Frumkin - EUR 89,81
--->>>The Intelligent Investor - Benjamin Graham - EUR 13,30
5:00pm (NY Time) RBNZ Rate Decision Forecast 2.50% Previous 2.50%
ACTION: NZDUSD BUY 2.75%
Definition:The OCR (Official Cash Rate of New Zealand) 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.
The Trade Plan
Current forecast from economists surveyed by Bloomberg agree that RBNZ is likely to leave the official rate at 2.5% during this meeting; however, in the unlikely event that Gov. Bollard surprises the market and hike rates to 2.75% or higher, we should see an immediate strong demand in the NZD which is a great opportunity to spike trade BUY NZD/USD.
--->>>Using Economic Indicators to Improve Investment Analysis (The Wiley Finance Series) - Evelina M. Tainer - EUR 34,96
--->>>Guide to Economic Indicators - Norman Frumkin - EUR 89,81
--->>>The Intelligent Investor - Benjamin Graham - EUR 13,30
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