Menu

  • NZ Official Cash Rate unchanged at 2.25 percent

    From govt.nz

    The Reserve Bank today left the Official Cash Rate unchanged at 2.25 percent. The outlook for global growth has deteriorated over recent months due to weaker growth in China and other emerging markets. Prices for some commodities, including oil, have picked up but remain weak. Monetary conditions are extremely accommodative internationally, with considerable quantitative easing and negative policy rates in some countries. Financial market volatility has eased in recent weeks, but markets continue to watch closely the policy settings of major central banks. Domestically, the economy is being supported by strong inward ... (full story)

  • #1
  • Quote
  • Apr 27, 2016 5:09pm Apr 27, 2016 5:09pm
Just paid a 60 pip spread on the GBP/NZD at the New York close. I'll never do that one again. So much to know about this game. Hindsight is 20/20 and I should've taken my position just before the New York close and held it till Sydney opened. But hey we're here to trade not gamble.
  • #2
  • Quote
  • Apr 27, 2016 5:21pm Apr 27, 2016 5:21pm
  •  Trader#E8E3
  • | Status: Unregistered Trader
No Shit I just Got Took Too
  • #3
  • Quote
  • Apr 27, 2016 5:21pm Apr 27, 2016 5:21pm
Quoting Noober
Just paid a 60 pip spread on the GBP/NZD at the New York close. I'll never do that one again. So much to know about this game. Hindsight is 20/20 and I should've taken my position just before the New York close and held it till Sydney opened. But hey we're here to trade not gamble.
Wow that's a Big Spread! I got Stopped out on NZD/CAD at 16:55 to Break Even, right before the Big Move Up. Now I don't feel so bad. I guess it's better to miss a trade than take a loss.
  • #4
  • Quote
  • Apr 27, 2016 5:32pm Apr 27, 2016 5:32pm
I forgot to turn my Auto Stop EA off and got stopped as it moved the stop too fast , or maybe too early here in NZ for my brain. Would have made 190 pips instead a 20 pip loss of GBPNZD.
  • #5
  • Quote
  • Edited 7:24pm Apr 27, 2016 5:32pm | Edited 7:24pm
Quoting Noober
Just paid a 60 pip spread on the GBP/NZD at the New York close. I'll never do that one again. So much to know about this game. Hindsight is 20/20 and I should've taken my position just before the New York close and held it till Sydney opened. But hey we're here to trade not gamble.
what broker were you using for that trade Noober
  • #6
  • Quote
  • Apr 27, 2016 5:51pm Apr 27, 2016 5:51pm
The spread is for nzd days when come to interest rate decisions i always high . Plus is also released at the time when market is roll over that when the spread is alot higher than normal. so = huge spread lol.
  • #7
  • Quote
  • Apr 27, 2016 6:36pm Apr 27, 2016 6:36pm
its time to sell nzdusd
  • #8
  • Quote
  • Apr 27, 2016 10:41pm Apr 27, 2016 10:41pm
Oanda
  • #9
  • Quote
  • Apr 28, 2016 12:48am Apr 28, 2016 12:48am
  •  Trader#5ADA
  • | Status: Unregistered Trader
NZ complains of an overvalued dollar, poor dairy returns and non competitve exports yet keeps the cash rate at high level - dollar up over 1%!! Way to go!
  • #10
  • Quote
  • Apr 28, 2016 2:23am Apr 28, 2016 2:23am
This week aiming hit resistance 7050 again
  • #11
  • Quote
  • Apr 28, 2016 2:51am Apr 28, 2016 2:51am
  •  Trader#5ADA
  • | Status: Unregistered Trader
What a plonker you are Wheeler....how is this helping exporters, the dairy sector - will not make a scrap of difference to the Akl housing market. Open your eyes!
  • #12
  • Quote
  • Apr 28, 2016 3:45am Apr 28, 2016 3:45am
At 1st leaked information out to media then on hold the rate.next month may rate cut open
  • New Comment
  •  Trader#F60F
  • | Status: Unregistered Trader
Create Account
  • Story Stats