Open trading account 
There are 3 reports from New Zealand tonight at 21:45 GMT:
1. The Private Wages Excluding Overtime for Q4, which helps to asses inflation pressure. The expected target is 0.5% q/q and the previous was 0.4% q/q.
2. The Employment Change for Q4 with expected target ~0.6% q/q and previous data 1.2% q/q;
3. Unemployment Rate Q4 with expected target 6.0% and previous data 6.2%;
With this reports I expect a big move, but I have no idea in which direction. For that reason I'll try to catch some pips in the direction of the breakout. So I'll need a two currencies - one that had been strong this days and one that had been weak. For the strong I'll choose AUD as the Australian dollar was supported by the recent economics news from the country. For a weak I'll choose the pound as it is falling from the last week, breaking support after support. The execution will be somthing like that: a couple of seconds before the release I'll place 2 orders - a long on AUDNZD and a short on GBPNZD. Each of them will be under the consolidation period for the last hour with a stop loss above the given consolidation. I expect one of them to be closed with the stoploss, but to catch the big move with the other. There is a risk - to be hitted by the two stoploss orders, I should consider the maximum risk from the two orders to match my risk management.
Have a great night and good luck!
1. The Private Wages Excluding Overtime for Q4, which helps to asses inflation pressure. The expected target is 0.5% q/q and the previous was 0.4% q/q.
2. The Employment Change for Q4 with expected target ~0.6% q/q and previous data 1.2% q/q;
3. Unemployment Rate Q4 with expected target 6.0% and previous data 6.2%;
With this reports I expect a big move, but I have no idea in which direction. For that reason I'll try to catch some pips in the direction of the breakout. So I'll need a two currencies - one that had been strong this days and one that had been weak. For the strong I'll choose AUD as the Australian dollar was supported by the recent economics news from the country. For a weak I'll choose the pound as it is falling from the last week, breaking support after support. The execution will be somthing like that: a couple of seconds before the release I'll place 2 orders - a long on AUDNZD and a short on GBPNZD. Each of them will be under the consolidation period for the last hour with a stop loss above the given consolidation. I expect one of them to be closed with the stoploss, but to catch the big move with the other. There is a risk - to be hitted by the two stoploss orders, I should consider the maximum risk from the two orders to match my risk management.
Have a great night and good luck!
