June 13, 2012
5:00pm (NY Time) RBNZ Rate Decision Forecast 2.50% Previous 2.50%DEVIATION: 0.25% (BUY NZD 2.75% / SELL NZD 2.25%)
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…
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.
Recommended Pairs : NZDUSD, GBPNZD
BOOKS
Attacking Currency Trends: How to Anticipate and Trade Big Moves in the Forex Market (Wiley Trading Series) - Greg Michalowski - EUR 39,52
Currency Trading in the Forex and Futures Markets - Carley Garner - EUR 28,74
Insider Forex Secrets: Cash In On the Trillion Dollar Market! - Faith Flores - EUR 36,41
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.
Recommended Pairs : NZDUSD, GBPNZD
BOOKS
Attacking Currency Trends: How to Anticipate and Trade Big Moves in the Forex Market (Wiley Trading Series) - Greg Michalowski - EUR 39,52
Currency Trading in the Forex and Futures Markets - Carley Garner - EUR 28,74
Insider Forex Secrets: Cash In On the Trillion Dollar Market! - Faith Flores - EUR 36,41
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