NZD in Focus at 10AM

 Posted by at 9:17 AM  FX Market
May 132020
 

New Zealand will be releasing their Cash Rate and Monetary Policy at 10AM (GMT+8), followed by a Press Conference at 11AM.

Volatility will most likely come at 11AM.

If NZD turns bearish, buy it against CAD = long NZDCAD because oil (correlated to CAD) will continue its descent after shrugging off efforts from Saudi Arabia to cut supply.

If NZD turns bullish, short it against USD or JPY = short NZDUSD or short NZDJPY because market is starting to show signs of risk-off scenario.

Trader H

TraderH is a foreign currencies trader and a former Certified Securities Representative in the Philippine equities market. All posts herein are personal views and are not endorsed by any organization whatsoever. It is important that you practice due diligence in your trade plans. This website and its authors will not be held responsible nor liable to any of the reader's losses.

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