Wednesday, December 05th, 2007 (3:00 p.m. New York Time)

New Zealand: Interest Rate Statement coming out. It is expected they will keep the rate unchanged, and start cutting rates towards first quarter of 2008. If they drop their dovish tone, and talk about possibility to do more hikes, then NZD/USD may possibly gain 100 pips or more in the first 3 hours of the report. On the other hand, if they say need to cut the rates quicker than it was thought previously, NZD/USD may possibly go down by 50 pips or more in the first hour of the report. If there are no comments, or comments are the same or neutral, then it is a no trade here.