Thread: NZD GDP Today at 4-45PM (EST)

Past 0.5%. Nigeriaforextrading forecast 0.4%. However, there's no forecast at dailyfx. Would you know any other forecasts (bloomberg, reuters etc.)? If .4 percent
is the concensus by nearly all of those anything 0.3 percent
or less if proceed NZD/USD with a big amount
(40-50pips). On the upside, 0.6 percent or up ought to be a great trade. BK? If the real is 0.4 or 0.5 percent what do you expect?

Originally Posted by ;

Bloomberg's forecast is 0.5 (same as preceding) and Reuters 0.6.
Good luck trading this bomb!

Sma

Judging the price of NZDUSD, it imply to me that the market is priced for a flat or decent number. If will be a surprise when the end result is 0.4 or lower.

Question now, commerce NZDUSD or even AUDNZD?

Bah blew thru my order so my limit order didnt get hit oh well, better than negative pips , anybody gain any ?

Bloomberg's forecast is 0.5 (same as preceding) and Reuters 0.6.
Good luck trading this bomb!

Hi traders
NZD USD current price today 0.6964 19:40 GMT 1
and there is major resistance on 0.7000 if the price remained where it's until news time we could see nothing longer than those 35pips ?? Any thought this if the GDP comes out much better as anticipated other wise if it comes worst
Please give some thoughts

Hi Khaldon

I am also wonder about this, and can you please tell me why that 0.7000 is a major restanse, but really I am hoping that this came out worst than anticipated to observe that a reall show down...

Originally Posted by ;

Hi Khaldon

I'm also wonder about this, and could you please tell me that 0.7000 is a major restanse, but actually I hope this came out worst than expected to observe a reall show down...

hello mohsen
it's major resistance becasue it's the high for jan2006
me two I hope to emerge worst than expected

I see, thanks khaldon

November 15, 2006, NzdUsd struck a low of .6570; today, basically a month later, it's trended up 400 pips. Also broke through .7015 per year ago in December 2005.

Now:
Positive announcement: maybe enough to push it 30-50 pips and hit 7015 again.

Negative announcement: shed of 60-70 pips.

I'm staying with my buddy, The Trend, take 20 pips and get out . Just information; not a recommendation.

Trade Well and Prosper everybody!!

Anyone straddle this report, is it safe to do?