Trading RBNZ rate statement 140129 WED 2000GMT
1 hour after the FOMC statement, RBNZ is announcing their official cash rate and rate statement. RBNZ is widely expected to raise interest rates sometime in March/April.
However, there is a small 20-30% chance for RBNZ to raise interest rates today. If they do, the NZDUSD should go up.
Else the following rate statement should be of a bullish stance, emphasizing on the need to increase interest rates in near future. In this case, market should buy NZDUSD up in anticipation of future rate hikes.
A) Long NZDUSD 3 mins before release
SL 50pips
TP manual trailing stop
B) Long NZDJPY 3 mins before release
SL 50pips
TP manual trailing stop
1 hour after the FOMC statement, RBNZ is announcing their official cash rate and rate statement. RBNZ is widely expected to raise interest rates sometime in March/April.
However, there is a small 20-30% chance for RBNZ to raise interest rates today. If they do, the NZDUSD should go up.
Else the following rate statement should be of a bullish stance, emphasizing on the need to increase interest rates in near future. In this case, market should buy NZDUSD up in anticipation of future rate hikes.
A) Long NZDUSD 3 mins before release
SL 50pips
TP manual trailing stop
B) Long NZDJPY 3 mins before release
SL 50pips
TP manual trailing stop
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