New Zealand Interest Rates


Fx News Spike Signals by Crazy Cat, 2018/06/27

Release Time: 17:00 New York time (EST)
Primary currency pair: NZD/USD
Forecast: 1.75
Prior: 1.75
LT1 (Lower Trigger 1): -0.25 [SELL] (means a 0.25% cut)
UT1 (Upper Trigger 1): +0.25 [BUY] (means a 0.25% hike)
Safety: 1

There are 17 estimates, and all 17 economists expect no change in interest rates this time. Median estimate is 1.75% and the average estimate is 1.75%. One standard deviation is 0.00.

If they cut to 1.50% or lower ( -0.25 deviation in this case), it would be a great sell signal on NZD/USD but it's unlikely to happen.

If there is no change in interest rates (0.00 deviation in this case), then this time it would be a no trade for sure.

If they hike the rates to 2.00% or higher (+0.25 deviation in this case), it would be an excellent buy signal on NZD/USD but it's extremely unlikely to happen.

Basically most likely it will be a no trade but I just wanted to let you know about the situation.

As always with the interest rates, be careful and do not overtrade it. Usually interest rates are released on time.

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