New Zealand GDP (Q/Q)


Fx News Spike Signals by Crazy Cat, 2018/06/20

Release Time: 18:45 New York time (EST)
Primary currency pair: NZD/USD
Forecast: 0.5
Prior: 0.6
LT1 (Lower Trigger 1): -0.3 [SELL]
UT1 (Upper Trigger 1): +0.3 [BUY]
Safety: 2

If NZ GDP (Q/Q) comes out at 0.2 ( -0.3 trigger), NZD/USD should go down by about 30 pips. If it comes out at 0.8 or higher ( +0.3 trigger), NZD/USD should go up by about 30 pips.

Based on 14 estimates, median estimate is 0.5% and average estimate is 0.51%. The highest estimate is 0.7 (one vote), then 0.6% (three votes), then 0.5% (six estimates), and finally the lowest estimate is 0.4% (four estimates). One standard deviation is +/- 0.09%.

The problem with this report is we will also have NZ GDP (Y/Y) release that may or may not be slightly faster, and it may also conflict. In fact, last time the annual report (Y/Y) was 250 ms before (Q/Q) - for SNW Enterprise users. So you may consider your own triggers for the (Y/Y) report as well, in case it's being released slightly faster.

Additionally, it seems SNW Enterprise performs better than Elite or Pro. 15 months ago the speed difference was over 80-104, 12 months ago no difference, 9 months ago the speed difference was 86 ms, and 6 months ago the difference was 320 ms - so if you are Elite or Pro user, don't trade big money on this report, and if you are Enterprise user, be still careful and don't go too crazy either.

This set of reports is being released only once every three months; therefore, we don't have too much data to work with. However, I think if we hit the trigger, we should have a tradable spike.

Again, NZ GDP (Q/Q) and GDP (Y/Y) are not released exactly at the same time so you can't use multi-report resolution feature. Based on past performance, either GDP (Q/Q) or (Y/Y) can be slightly faster.

Forex news history and charts

Go back to the Forex Market News listing
Copyright © 2014 Secret Weapons LLC. All Rights Reserved.   Contact Us | Affiliates | Privacy Policy


Risk disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Past performance is not necessarily indicative of future results. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as educational material and general market commentary, and does not constitute investment advice. Seek a licensed advisor. FastEconomicNews.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.