Hi there,
On Wednesday, March 24th (17:45 New York Time) we will have NZ GDP q/q coming out. It is expected to read 0.8. Last time it read 0.2.
This report happens once every 3 months so it's quite rare to trade it.
The trigger for this indicator is 0.3. This means that if NZ GDP q/q comes out at 1.1 or higher, NZD/USD will probably go up by 35 pips or more in the first 45 minutes of the report. If it comes out at 0.5 or less, NZD/USD will probably go down by 35 pips or more in the first 45 minutes of the report.
Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.
For example: on December 22nd, NZ GDP q/q came out at 0.2, versus an expectation of 0.4. NZD/USD went up by around 40 pips, and it did not even deviate by 0.3. See for yourself what happened on this chart: Forex news trading currency exchange charts
I highly recommend you study the entire history and charts of this report by following this link: Forex News Trading | Details and History for NZD GDP q/q
I hope you make some money on this report.
-Crazy Cat
On Wednesday, March 24th (17:45 New York Time) we will have NZ GDP q/q coming out. It is expected to read 0.8. Last time it read 0.2.
This report happens once every 3 months so it's quite rare to trade it.
The trigger for this indicator is 0.3. This means that if NZ GDP q/q comes out at 1.1 or higher, NZD/USD will probably go up by 35 pips or more in the first 45 minutes of the report. If it comes out at 0.5 or less, NZD/USD will probably go down by 35 pips or more in the first 45 minutes of the report.
Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.
For example: on December 22nd, NZ GDP q/q came out at 0.2, versus an expectation of 0.4. NZD/USD went up by around 40 pips, and it did not even deviate by 0.3. See for yourself what happened on this chart: Forex news trading currency exchange charts
I highly recommend you study the entire history and charts of this report by following this link: Forex News Trading | Details and History for NZD GDP q/q
I hope you make some money on this report.
-Crazy Cat
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