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This week Wednesday, we will once again see a rate cut from the RBNZ.
The rate cut does not necessarily mean a bearish NZD. Below is a 15Min chart from the last meeting in July. The reaction from the meeting has been highlighted in the box.
As you can see, it was an immediate bullish reaction.
The important part of the meeting was not the cut it self, rather it was the statement released at the same time. The reason for this is, the cut was largely expected, and thus already priced in. The state…
The rate cut does not necessarily mean a bearish NZD. Below is a 15Min chart from the last meeting in July. The reaction from the meeting has been highlighted in the box.
As you can see, it was an immediate bullish reaction.
The important part of the meeting was not the cut it self, rather it was the statement released at the same time. The reason for this is, the cut was largely expected, and thus already priced in. The state…