We spent thousands of man-hours developing a system to predict economic surprises and we share these predictions with our subscribers every day. We make 1 to 3 calendar calls daily and send out between 8 to 12 recommendations per week. These are soft recommendations that provide potential trading setups based on the economic data surprises.
Not only do we tell you what a constitutes a surprise but we also provide you with reasons why the consensus may be wrong. Click Image to Enlarge. We go through the entire economic calendar, pick out only the potentially market moving opportunities and indicate whether we believe the data will be stronger or weaker than expected and tell you why we think so.
On top of that, we suggest the currency pair to trade for every potential opportunity. With BK News trades you can make a fully informed decision on whether you want to participate in a particular trade or not. New Zealand GDP numbers will be released at 6: We have strong reasons to believe that Q2 GDP numbers will surprise to the upside. The 2 most important components of GDP are retail sales and trade and both saw improvements in Q2 versus Q1.
The Reserve Bank of New Zealand is comfortably on hold while the Federal Reserve is easing as aggressively as they can. If Q2 GDP numbers surprise to the upside, we could see a rally to 83 cents but a sustained break of that level will be needed to open the door for further gains. If that happens and the currency pair breaks 0.
Since NZD is also a risk currency, the fact that stocks have been holding onto their gains supports the possibility of an upside breakout. Your email address will not be published. Whether you scalp in an out, day trade or swing trade we have ideas to meet every need. Share on Facebook Share. Share on Twitter Tweet. Share on Google Plus Share. Share on Pinterest Share. Share on LinkedIn Share. Share on Digg Share. Leave a Reply Cancel reply Your email address will not be published.
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