Earn up to 400% from the initial deposit on the major news in August
August, 20th at 21:00 GMT Reserve Bank of New Zealand (RBNZ) will announce interest rate and will hold a press conference.
According to RBNZ, the actual inflation is below target levels, while GDP growth has been decreasing since 2014, which is perfect for easing monetary policy and reducing interest rate.
||Reserve Bank of New Zealand interest rate decision
Analysts believe that in case the fundamental data will be close to the forecast the NZD (the New Zealand Dollar) may fall. Since the news is considered as major, as far as countries’ monetary policy is concerned, all NZD currency pairs will show strong movements. The NZDUSD currency pair is now traded in the range of 0.715-0.725, while in case of good fundamentals it may swing 150 points (1 500 pips with the quoting accuracy of 0.00001).
- To open a 1 lot NZDUSD position you require $360: 100 000 (standard contract volume) x 1 lot / 200* (leverage) = 500 NZD x 0.72 (NZDUSD quote) = $360
- The profit you may earn will make $1 500: 0.00001 (quoting accuracy) x 100 000 (standard lot volume)* 1 500 (potential growth in pips) = $1 500
Thus, if you open 5 lots you may earn $7 500 with $1 800 invested funds, which makes 416,6% a day! For deposits below $50 000. Margin requirements.