Official Cash Rate reduced to 1 percent | Forex Factory

  • Official Cash Rate reduced to 1 percent

    From rbnz.govt.nz

    Tēnā koutou katoa, welcome all. The Official Cash Rate (OCR) is reduced to 1.0 percent. The Monetary Policy Committee agreed that a lower OCR is necessary to continue to meet its employment and inflation objectives. Employment is around its maximum sustainable level, while inflation remains within our target range but below the 2 percent mid-point. Recent data recording improved employment and wage growth is welcome. GDP growth has slowed over the past year and growth headwinds are rising. In the absence of additional monetary stimulus, employment and inflation would likely ease relative to our targets. Global ... (full story)

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PaulDaemon
Aug 6, 2019 9:05pm
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next 2 years be prepared for negative interest rates and new policy that makes it criminal to withdraw cash.
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Mingary
Aug 7, 2019 1:01am
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Quoting Guest
{quote} as much as the MM & big boys need, its all about their game
Retail forex: a tax on the stupid ?
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4xNewGuy
Aug 6, 2019 9:09pm
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Quoting jegas
No one can expect 50bps rate cut, maybe hit the rock bottom of 6400 levels ?
6400 is being generous. Maybe more like 6000.
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4xNewGuy
Aug 7, 2019 1:32am
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Quoting Aussi
{quote} you would be joking of course
If you want to avoid slippage like the poster I replied to wanted to achieve, then yes. You avoid high risk news events.
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Tanotochen
Aug 6, 2019 9:04pm
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Beware reversal in a hour time
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Aussi
Aug 6, 2019 10:28pm
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Quoting 4xNewGuy
{quote} Simple.... DON'T TRADE HIGH RISK NEWS EVENTS
you would be joking of course
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afevir
Aug 7, 2019 3:53am
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0,5 %?
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Aaafx-trader
Aug 6, 2019 9:35pm
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Quoting ashimkhan
Aud why down?
Because NZD economy is almost AUD integrated! They are a corrleated pair, moving almost but not always in the same direction.
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FxGrow
Aug 7, 2019 2:02am
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This should provoke Trump.. RBNZ cutting 0.5% .. I give him till Friday to cross wires with comments that should tank the USD.. watch and see
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Mingary
Aug 7, 2019 12:07am
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After any "unexpected news" it would be interesting to know how much money got wiped out from retail forex accounts.
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jegas
Aug 6, 2019 9:05pm
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No one can expect 50bps rate cut, maybe hit the rock bottom of 6400 levels ?
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louisfx
Aug 7, 2019 1:43am
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Quoting 4xNewGuy
{quote} If you want to avoid slippage like the poster I replied to wanted to achieve, then yes. You avoid high risk news
events.
Not when u have TRUMP
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4xNewGuy
Aug 6, 2019 9:07pm
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half of a percent in one go? The inmates must be running that asylum. Guess I'll just sit on an aud/nzd long for about 3 weeks.
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4xNewGuy
Aug 6, 2019 9:53pm
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Quoting shack99
how do you avoid slippage? please help traders
Simple....

DON'T
TRADE
HIGH
RISK
NEWS
EVENTS
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ashimkhan
Aug 6, 2019 9:20pm
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Thank you to hit 130 pip
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ashimkhan
Aug 6, 2019 9:21pm
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Tp
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ashimkhan
Aug 6, 2019 9:30pm
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Aud why down?
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liberty458
Aug 6, 2019 10:16pm
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Beware.... next currency Manipulator ....sac
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Rakeem
Aug 7, 2019 6:31am
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Quoting Guest
As the interest of RBNZ has cut, according to the theory of economics, NZD must be lower.
Аnd NZD is lower, but is gonna high, they cut because of Trump bulshit, not because they want to weak the currency!
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kuncung
Aug 6, 2019 9:25pm
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big cow milk of nzd
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synotaxidae
Aug 7, 2019 3:27am
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Quoting 4xNewGuy
{quote} 6400 is being generous. Maybe more like 6000.
This
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Aaafx-trader
Aug 6, 2019 9:38pm
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Quoting shack99
how do you avoid slippage? please help traders
wait for the price to calm down, don't trade at the news... do it a minute before, or few minutes after!
You will get chopped to pieces by the HFT algos.
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Rakeem
Aug 7, 2019 2:32am
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This drop of nzd is because of technical analysis
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Aaafx-trader
Aug 6, 2019 9:10pm
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The NZD is going below 0.60!
This is way better than i expected...
The chinese move must really spooked them too hard.
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shack99
Aug 6, 2019 9:30pm
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how do you avoid slippage? please help traders
Reply
Aaafx-trader
Aug 6, 2019 9:36pm
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The level everyone should be watching is 0.64250!
Very critical level on the monthly chart.
Sell below it, like rain falls
This could be the 500 pips that was promised!
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Trader#0A86
Aug 7, 2019 12:21am
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Quoting Mingary
After any "unexpected news" it would be interesting to know how much money got wiped out from retail forex accounts.

as much as the MM & big boys need, its all about their game
Reply
Trader#F7B6
Aug 6, 2019 9:56pm
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How do you all trade news ? Do you all put order before or after it releases ? How to react to news as fast as possible
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Trader#B081
Aug 6, 2019 10:11pm
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Agree to "Don't simply trade high news events", unless you have a big fund to play news
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Trader#D7C3
Aug 7, 2019 5:13am
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As the interest of RBNZ has cut, according to the theory of economics, NZD must be lower.
Reply
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