There could be a could trade here later tonight (23.00 EDT). The consensus is for a lessening of the money supply, which has an inflationary effect on the currency. What is interesting, is that NZD has sold off (de-flated) and is sitting around 6560 as of 18.00 EDT. If the number comes out on consensus or better and the Kiwi is sitting at this level at 23.00 EDT, there could be a nice potential for a pretty good up spike in the currency. I straddle reports like this myself and i've done pretty well with NZD trades in the past.
For all of the traders who have fears about slippage, etc, the NZD trades work well, as there is probably no one on the desk at that time and the trades are likely to be automated.
For all of the traders who have fears about slippage, etc, the NZD trades work well, as there is probably no one on the desk at that time and the trades are likely to be automated.