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  • Reserve Bank of New Zealand to update economic forecasts

    From forexlive.com

    The Reserve Bank of New Zealand is to issue a brief update on its economic assessment on Thursday 21 July •At 9:00am local time (2100GMT) •The bank says its due to the "longer-than-usual gap between MPSs" as the Bank moves to its new release timetable this month •On July 21 the bank will not include an OCR review decision •The next OCR review will occur with the 11 August MPS (Monetary policy Statement)

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  • Post #1
  • Quote
  • Jul 13, 2016 11:14pm Jul 13, 2016 11:14pm
  •  wind.rpha
  • | Joined Mar 2014 | Status: Member | 7 Comments
sell NZD
 
 
  • Post #2
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  • Jul 13, 2016 11:24pm Jul 13, 2016 11:24pm
  •  Erebus
  • Joined Jul 2011 | Status: Member | 83 Comments
thanks wind.rpha, I did just that
 
 
  • Post #3
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  • Jul 13, 2016 11:31pm Jul 13, 2016 11:31pm
  •  saifn2
  • | Joined Jun 2016 | Status: Member | 1 Comment
Quoting wind.rpha
Disliked
sell NZD
Ignored
ok, but why, any reason for sell nzd?
 
 
  • Post #4
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  • Jul 14, 2016 12:20am Jul 14, 2016 12:20am
  •  Guest
  • | IP XXX.XXX.172.53
Very good question saifn2. All economic indicators are strong, and interest rates likely to go up rather than down. Hard to argue with move since that post 1 hour ago.
 
 
  • Post #5
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  • Jul 14, 2016 12:51am Jul 14, 2016 12:51am
  •  Forexgain
  • Joined Oct 2011 | Status: Sleeping..... | 531 Comments
Quoting saifn2
Disliked
ok, but why, any reason for sell nzd?
Ignored
Technical's points towards aggressive selling. It tried breaching 38.2 Fibo level at 0.73310 on multiple occasions despite strong bullish momentum but failed consequitevely. What else one needs to go short

Take a look here:
https://charts.mql5.com/11/835/nzdus...exness-ltd.png
 
 
  • Post #6
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  • Jul 15, 2016 4:59pm Jul 15, 2016 4:59pm
  •  justinone
  • | Joined Aug 2009 | Status: Member | 20 Comments
we'd better watch it near 0.70700
 
 
  •  Guest
  • | IP XX.XXX.171.74
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  • Story Stats
  • Posted: Jul 13, 2016 11:11pm
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 6  /  Views: 2,461
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