NZD GDP Today at 4-45PM (EST) | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

NZD/USD

Similar Threads

What caused the run-up in EURUSD at ~5:30a EST today? 19 replies

Who is up at 3am EST to trade? 59 replies

GBP - GDP 4:30 am est 4 replies

Trading NZD GDP today at 6.45 EST 23 replies

New found: EST 8PM 30 mintues bar 16 replies

Attachments: NZD GDP Today at 4-45PM (EST)
Exit Attachments

NZD GDP Today at 4-45PM (EST)

  • #1
  • First Post: Dec 20, 2006 8:26am Dec 20, 2006 8:26am
Previous 0.5%. forex factory forecast 0.4%. But there is no forecast at dailyfx. Do you know any other forecasts (bloomberg, reuters etc.)? If .4%
is the concensus by most of them anything 0.3%
or less should move NZD/USD by a large amount
(40-50pips). On the upside, 0.6% or up should be a good trade. BK, Merlin what do you think? If the actual is 0.4 or 0.5% what do you expect?
  • #2
  • Dec 20, 2006 11:51am Dec 20, 2006 11:51am
Bloomberg's forecast is 0.5 (same as previous) and Reuters 0.6.
Good luck trading this bomb!

Sma
  • #3
  • Dec 20, 2006 12:40pm Dec 20, 2006 12:40pm
hi traders
NZD USD current price now 0.6964 19:40 GMT+1
and there is major resistance on 0.7000 if the price stayed where it is till news time we could see nothing more than those 35pips ?? any idea this if the GDP comes out better as expected other wise if it comes worst than expected what we could see big drop???
please give some ideas
  • #4
  • Dec 20, 2006 12:46pm Dec 20, 2006 12:46pm
Hi Khaldon

I'm also wonder about this, and could you please tell me why that 0.7000 is a major restanse, but really i hope this came out worst than expected to see a reall show down...
  • #5
  • Dec 20, 2006 1:24pm Dec 20, 2006 1:24pm
Quoting mohsen57
Hi Khaldon

I'm also wonder about this, and could you please tell me why that 0.7000 is a major restanse, but really i hope this came out worst than expected to see a reall show down...
hi mohsen
it is major resistance becasue it is the high for jan2006
me 2 i hope to come worst than expected
Attached Image
  • #6
  • Dec 20, 2006 1:34pm Dec 20, 2006 1:34pm
I see, thanks khaldon
  • #7
  • Dec 20, 2006 3:29pm Dec 20, 2006 3:29pm
November 15, 2006, NzdUsd hit a low of .6570; today, basically a month later, it has trended up 400 pips. Also broke through .7015 a year ago in December 2005.

Today:
Positive announcement: perhaps enough to push it 30-50 pips and hit 7015 again.

Negative announcement: drop of 60-70 pips.

I'm staying with my friend, The Trend, take 20 pips and get out. Just information; not a recommendation.

Trade Well and Prosper everyone!!
  • #8
  • Dec 20, 2006 3:34pm Dec 20, 2006 3:34pm
Anyone straddle this report, is it safe to do so?
  • #9
  • Dec 20, 2006 3:36pm Dec 20, 2006 3:36pm
Quoting begajul
Anyone straddle this report, is it safe to do so?
Only "safe" thing in forex trading is to not trade!
Straddle's fine, just watch out for price gaps and spread widening, depending on your broker.
  • #10
  • Dec 20, 2006 3:40pm Dec 20, 2006 3:40pm
Quoting Sma
Bloomberg's forecast is 0.5 (same as previous) and Reuters 0.6.
Good luck trading this bomb!

Sma
Judging the price of NZDUSD, it suggest to me that the market is priced for a flat or good number. If will be a surprise if the result is 0.4 or lower.

Question now, trade NZDUSD or AUDNZD?
  • #11
  • Dec 20, 2006 3:40pm Dec 20, 2006 3:40pm
if you dont use news service , so straddle is your only way.

Quoting begajul
Anyone straddle this report, is it safe to do so?
Charting Markets into the Future...MǎҖ€¥.
  • #12
  • Dec 20, 2006 3:42pm Dec 20, 2006 3:42pm
Quoting MoneyMa$ter
Only "safe" thing in forex trading is to not trade!
Straddle's fine, just watch out for price gaps and spread widening, depending on your broker.
LOL, just want to make sure it wasn't bouncing like last week NFP
  • #13
  • Dec 20, 2006 3:46pm Dec 20, 2006 3:46pm
Anyways... the result was bad and the price priced a good number.

So its one hell of a good trade.

Im out +15
  • #14
  • Dec 20, 2006 3:46pm Dec 20, 2006 3:46pm
DEV: -0.2
Move:31pip

6 pips @ 1st lot
15pips # 2nd lot
Charting Markets into the Future...MǎҖ€¥.
  • #15
  • Dec 20, 2006 3:47pm Dec 20, 2006 3:47pm
bah blew right thru my order so my limit order didnt get hit oh well, better than negative pips , anyone gain any ?
Ghost Swoopen in for my pips while no one is lookin !!
  • #16
  • Dec 20, 2006 3:48pm Dec 20, 2006 3:48pm
Straddle this one, got 12 pips.
  • #17
  • Dec 20, 2006 3:49pm Dec 20, 2006 3:49pm
This is why i love Forex.
  • #18
  • Dec 20, 2006 3:51pm Dec 20, 2006 3:51pm
Quoting Ghostpipper
bah blew right thru my order so my limit order didnt get hit oh well, better than negative pips , anyone gain any ?
i believe i put my order in right after 3:45 like 1 second after lol maybe thats why it didnt go lol, my buy order was golden tho lMAO
Ghost Swoopen in for my pips while no one is lookin !!
  • #19
  • Dec 20, 2006 3:51pm Dec 20, 2006 3:51pm
Before I contact my broker, what was the highest price on your platform? Anyone see a price of 6983? My short got stopped out at that price. I was slipped 16 pips to 6945 from my entry price of 6961, then just as quickly stopped out at 6983.
  • #20
  • Edited 4:05pm Dec 20, 2006 3:53pm | Edited 4:05pm
I had a sell stop @ 69.65 and got hit before the announcement for 45 pip loss.

I played it correctly but got ripped off. This should be punishable!
Attached Image
Trade what you see - Not what you think
0 traders viewing now