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Forex Signal (Wed, March 24, 17:45 EST) New Zealand GDP q/q

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Mar 23, 2010.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    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
     
    #1 Crazy Cat, Mar 23, 2010
    Lasted edited by : Sep 8, 2016
  2. West Coast Pips

    West Coast Pips Sergeant

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    I see Crazy Cat has made another error in this sentence this time:

    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.

    NZD/USD actually went down.

    NZ current account just came out. It is the biggest deviation I have ever seen for this release, -2B. On top of that NZ Current Account % of GDP deviated by a big -0.9. These numbers can play into tomorrow's NZ GDP release and we may well see a negative deviation come in.
     
  3. LEXngton

    LEXngton Corporal

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    Yes just picked up 14 pips on NZD Current Account. Just goes to show you never truely know which report might give you some pips. Of course huge deviations help!
     
  4. West Coast Pips

    West Coast Pips Sergeant

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    Hey LEXngton, I made 14 pips too!

    May I ask what broker you use please? I use FXCM UK who are normally terrible at filling you around news releases.

    Thanks!
     

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