New Zealand Interest Rates

Fx News Spike Signals by Crazy Cat, 2020/02/11

Release Time: 20:00 New York time (EST)
Primary currency pair: NZD/USD
Forecast: 1.00
Prior: 1.00
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 24 estimates, and all 24 economists expect no change this month. The median estimate is 1.00% and the average estimate is 1.00%. One standard deviation is 0.00.

If they cut to from 1.00% to 0.25% or lower ( -0.25 deviation), NZD/USD should go down a lot but it's not expected to happen.

If there is no change in interest rates (0.00 deviation), it's a no-trade.

If they hike the rates to 1.25% 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 I expect a no-trade this month but who knows...

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

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