Update:Trade Cancelled. RBNZ raises 2015 GDP growth to forecast to 3.2% vs. 2.8%. 2016 growth est. up to 2.2% vs. 2.1% previous
RBNZ says it sees inflation reaching the 2% midpoint in Q2 2014.
Head of central bank expects a 125bps of increases this year! a new tightening cycle starts
Unexpected strong revisions, and therefore I believe there is new information here. Accordingly, I cancel this trade for now.
I am looking for a bullish rebound, speculating on a potential buy the rumor sell the news event, i mean as the RBNZ is widely expected to hike rates by 25 bps, market has been pricing in this decision for the past weeks, and i think there is limited downside for the pair following the decision. Alternatively, if the RBNZ fails to meet market expectations and surprisingly doesn't hike* rates, that would result in a major rally.
Technically, the completion of a three drive pattern supports the idea of a bullish rebound, in addition into a potential bullish divergence on RSI Momentum.
Keep stops tight and good luck
twitter.com/thefxchannel
thefxchannel.com
RBNZ says it sees inflation reaching the 2% midpoint in Q2 2014.
Head of central bank expects a 125bps of increases this year! a new tightening cycle starts
Unexpected strong revisions, and therefore I believe there is new information here. Accordingly, I cancel this trade for now.
I am looking for a bullish rebound, speculating on a potential buy the rumor sell the news event, i mean as the RBNZ is widely expected to hike rates by 25 bps, market has been pricing in this decision for the past weeks, and i think there is limited downside for the pair following the decision. Alternatively, if the RBNZ fails to meet market expectations and surprisingly doesn't hike* rates, that would result in a major rally.
Technically, the completion of a three drive pattern supports the idea of a bullish rebound, in addition into a potential bullish divergence on RSI Momentum.
Keep stops tight and good luck
twitter.com/thefxchannel
thefxchannel.com
