NZ Trade Balance 6:45 PM August 23, 2006

New Zealand Trade Balance 6:45 PM August 23, 2006

The past 3 months, this news created an average of 25+ pips surge as seen on the Historic Charts for the NZDUSD pair. For those who trade NZDJPY, you can get larger surges. But at a cost of higher spreads.. (not worth it in my opinion)

Suggested Strategy: Conservative TP (10 pips), Conservative Lots.

Consensus is -250M trade balance.

The result was far worse than expected -745M.

NZDUSD initially spiked some 25 pips down in the initial salvo.

Managed to make 10 pips profit for a conservative TP.
Placed only 1 Lot for a conservative Lot.

Not bad for a day starter.