NZD rate decision

Why are some NZD interest rate news SUPER CRAPPY but then some are real nice like this?, i think a straddle would be only good grabbage on this one

I'm with Merlin. I thought they were remaining hawkish. So, I watched the prices plummet without getting in. I'm wondering if this is a case of market irrationality, and that it will turn the other way. So far, I'm wrong.

Seems like there were quite a few people awake for that one.

yeah we could be. but it doesnt look a good fade until we go above 6590. time is ticking too...

I posted I was going long aud/nzd earlier today...that was some ride!

nice one newstrader. yeah i saw you posted that earlier...

goes to show what a little thinking will get ya

Looks like .6555 was the bottom, could not see it go lower. Don't think the release with no change in the rate can cause anything more that the 65 pips already. But I have been making bad calls all day so never know

LOL

Not just yet!!

The key for this trade (aud/nzd) was that one rate is tipped to go up and one isn't...nearly a perfect fundamental storm...I didn't even listen to the announcement, figuring that it would be hawkish. Yeah he was gonna jump up and down tryin to scare everyone, but the fact is the NZ rate is not goin up and the aussie is-at least that's the thinking.

The NZ gov't has stated many times that it thinks the kiwi is overvalued. An overvalued kiwi hurts their exports...there might have been CB intervention in this as well; judging by the speed of the movement, that's very possible.

Plus you have the carry traders who might have panicked...it happens...whatever it was the fundamentals matched the gov't sentiment...so look at it this way: the NZ gov't puts out the numbers. They want the kiwi to devalue...they can intervene thru their CB...alot was working in favor of a big move and that's what we saw.

Hey Merlin what do u look for when u fade, forgive all the newbie questions..... ? why do u say 6590?

What say you. Has it begun?

I LIKE THE NZD !!!!!! much smoother than us news, why cant all news be like this, instead of this whipsaw crap...... GO NZD, keep up the good news traden

There gos the time factor. The longer it takes the less likley it will re-trace all the way back up.

According to my analysis, if it closes below .6557 on the daily, I project it to hit another 45 pips from that close...

Hi all, please does someone know when is next rate statement ?

Lets see what trade balance brings us tomorrow.

i'm not sure why i even bother with this......

just check the calendar everyday. easy question, easy answer

because i'm too bored, i've done the search for you. it's on Thursday 7 December 2006.

oh i got it now. thank you

:

just for the sake of not wanting to hear anymore request for the dates.

<table><tbody><tr><td valign="top">2007

</td> <td valign="top"></td></tr> <tr> <td valign="top">
</td> <td valign="top"></td></tr> <tr> <td valign="top">Thursday 25 January 2007

</td> <td valign="top">OCR announcement

</td></tr> <tr> <td valign="top">Thursday 8 March 2007

</td> <td valign="top">Monetary Policy Statement and OCR announcement

</td></tr> <tr> <td valign="top">Thursday 26 April 2007

</td> <td valign="top">OCR announcement

</td></tr> <tr> <td valign="top">Thursday 7 June 2007

</td> <td valign="top">Monetary Policy Statement and OCR announcement

</td></tr> <tr> <td valign="top">Thursday 26 July 2007

</td> <td valign="top">OCR announcement

</td></tr> <tr> <td valign="top">Thursday 13 September 2007

</td> <td valign="top">Monetary Policy Statement and OCR announcement

</td></tr> <tr> <td valign="top">Thursday 25 October 2007

</td> <td valign="top">OCR announcement

</td></tr> <tr> <td valign="top">Thursday 6 December 2007

</td> <td valign="top">Monetary Policy Statement and OCR announcement

</td></tr></tbody></table>

next time, search, google, read threads etc. and no, don't say that you're a newbie and you're learning at the moment. because i don't believe in give and take all the time, learning is a process of study, research, take, and give. i don't even know the dates for NZD interest rate statement an hour ago, but i found it in less than 5 minutes. so get out there, read and learn, before asking for something that can easily be acquired in a matter of seconds, minutes to be precise in this case.