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Forex Forum → Your Announcements → 03rd August 2021 23:45 GMT New Zealand Unemployment Rate

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Topic: 03rd August 2021 23:45 GMT New Zealand Unemployment Rate

Two weeks ago, the RBNZ (New Zealand's Central Bank) reduced their stimulus and indicated to the market that they were getting ready to hike interest rates. So we have a 50/50 chance of a hike this month. It's been a long time since we've been in this position, and the markets love it.

Tonight we get the Employment report; this is the last piece of data we get before the interest rate decision is made. I expect some fireworks.

Watch this space for my full trade plan and analysis.

Check out the report history here.

https://calendarapi.galaxysoftwareinc.com/l/aHR0cHM6Ly9jYWxlbmRhci5nYWxheHlzb2Z0d2FyZWluYy5jb20vIy9jYWxlbmRhcjtuYmM9Tlo7bm49VW

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Re: 03rd August 2021 23:45 GMT New Zealand Unemployment Rate

I was excited about this trade, and rightly so. We saw a 0.4 deviation from the forecast on the Unemployment rate with a supporting deviation from Employment Change of 0.2. Price action was great, with loads of opportunity to enter on the retraces. Overall it continued well and over a long period. I cashed out after about 15 minutes, but the price continued further into the night.

A great trade and some profits banked.

See Chart here:
https://calendar.galaxysoftwareinc.com/#/chart;i=60486;t=2021-8-3%2022:45:00.0;s=EURNZD;r=S1

See the video at :  https://www.youtube.com/channel/UCGo9ocvpUdc5bTDw2Pyo5bQ

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