China lowers growth tgt to 7.5% for 2012. Probby will see them move towards a theme of slower growth but more stable. That's their way of saying we grew too fast, and some people need to catch up. It's smart, prevents social instability.
Either way, mkts sold slightly on the news. Nothing major, though AUD and NZD tanked. In particular NZD. Might be a possible oppty to sell NZD/XXX on rallies. Will this be a large case of risk aversion? That's the key qn for a lower NZD. Honestly a tad skeptical right now since there are no firm signs.
KIV to see how things go. More time needs to be given to risk on/off @ e moment. Need a firm move in order to make decent bux.
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On pure technicals, AUD/CAD looks prime for a BOT (sell) if < 1.06.
Want to see how EUR/NZD reacts to 1.62. No major views on these, so probably will be slightly shorter term plays of 1 to 2 days if these get initiated. Thing is that the pair looks like it's going bid, breaking out of a base. Seems like a Kiwi side move for now.
GBPNZD is getting very close to an uber massive confluence of PPZ @ 1.9500, Pitchfork trendline, 38.2% 23.6%, all on the weekly. Gonna be keeping an eye on this one to see if there's opptys to put on some shorts.
Either way, mkts sold slightly on the news. Nothing major, though AUD and NZD tanked. In particular NZD. Might be a possible oppty to sell NZD/XXX on rallies. Will this be a large case of risk aversion? That's the key qn for a lower NZD. Honestly a tad skeptical right now since there are no firm signs.
KIV to see how things go. More time needs to be given to risk on/off @ e moment. Need a firm move in order to make decent bux.
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On pure technicals, AUD/CAD looks prime for a BOT (sell) if < 1.06.
Want to see how EUR/NZD reacts to 1.62. No major views on these, so probably will be slightly shorter term plays of 1 to 2 days if these get initiated. Thing is that the pair looks like it's going bid, breaking out of a base. Seems like a Kiwi side move for now.
GBPNZD is getting very close to an uber massive confluence of PPZ @ 1.9500, Pitchfork trendline, 38.2% 23.6%, all on the weekly. Gonna be keeping an eye on this one to see if there's opptys to put on some shorts.
One Mind, Any Market