Hi there
On Tuesday, December 22nd at 16:45 we will have New Zealand GDP q/q coming out. It is expected to read 0.4. Last time it read 0.1.
The trigger for this indicator is 0.3. This means that if New Zealand GDP q/q comes out at 0.7 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 0.1 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.
In addition to the New Zealand GDP q/q number, we will have the y/y number coming out. If they conflict, I recommend skipping the trade but this is highly unlikely they would conflict.
For example: on June 25th, NZ GDP q/q came out at -1.0, versus an expectation of -0.7. NZD/USD went down by around 50 pips. 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 Tuesday, December 22nd at 16:45 we will have New Zealand GDP q/q coming out. It is expected to read 0.4. Last time it read 0.1.
The trigger for this indicator is 0.3. This means that if New Zealand GDP q/q comes out at 0.7 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 0.1 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.
In addition to the New Zealand GDP q/q number, we will have the y/y number coming out. If they conflict, I recommend skipping the trade but this is highly unlikely they would conflict.
For example: on June 25th, NZ GDP q/q came out at -1.0, versus an expectation of -0.7. NZD/USD went down by around 50 pips. 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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