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NZD/USD

  • #6,201
  • Jul 2, 2014 4:59am Jul 2, 2014 4:59am
Quoting zen252
{quote} To to be honest... I think the markets have realised that wheelers words have no meaning behind them. He had every opportunity to keep the dollar down at the last hike, by not saying that the high dollar was affecting exports. The guy is a muppet. He'll wait until the handbrake is on full on our economy, with business going broke and people being made unemployed, and then will talk the dollar down.
Agreed that it is quite apparent that NZ politicians and political appointees do not have the best of the country at heart; but we can be certain that those in power and in control of public policy are far from incompetent and will make outrageous personal profits trading off the information.
  • #6,202
  • Jul 2, 2014 5:05am Jul 2, 2014 5:05am
Quoting paul-fx
Nothing to do, wait and pay swap
I hear that ... lol
Ghost Rider - WWTBMD?
  • #6,203
  • Jul 2, 2014 5:07am Jul 2, 2014 5:07am
if ADP is good we may see 8720 else 8791. in either care I don't see 8800 taken out
  • #6,204
  • Jul 2, 2014 5:18am Jul 2, 2014 5:18am
Quoting giveachance
if ADP is good we may see 8720 else 8791. in either care I don't see 8800 taken out
8800 could be taken out if China's PMI numbers are good tomorrow
  • #6,205
  • Jul 2, 2014 8:06am Jul 2, 2014 8:06am
NZDUSD signaling sell-off towards 0.8730, 0.8700 and 0.8670, should it close below 0.8745 on H4 chart. Upside resistance of 0.8780 and 0.8800 becomes crucial for the pair before it rallies to 0.8850 and 0.8900 levels.
Attached Image (click to enlarge)
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  • #6,206
  • Jul 2, 2014 8:22pm Jul 2, 2014 8:22pm
AU going down lets see if her sister will follow.
I never seen a pair this stubborn before.Makes sense when RBNZ keep raising rates...while business confidence and dairy prices are falling.
This bubble will get burst open soon or RBNZ will be forced to sell their own currency
In trading, you have to be defensive and aggressive at the same time
  • #6,207
  • Jul 2, 2014 8:24pm Jul 2, 2014 8:24pm
Quoting Davit
AU going down lets see if her sister will follow. I never seen a pair this stubborn before.Makes sense when RBNZ keep raising rates...while business confidence and dairy prices are falling. This bubble will get burst open soon or RBNZ will be forced to sell their own currency
If there is one thing to remember when trading FOREX is that nothing ever makes complete sense. Looks like you have proof of that now.
  • #6,208
  • Jul 2, 2014 8:30pm Jul 2, 2014 8:30pm
There's a huge fight been going on between the bulls and bears for the last 1/2 hour... who will finally win?
  • #6,209
  • Jul 2, 2014 8:34pm Jul 2, 2014 8:34pm
Quoting zen252
There's a huge fight been going on between the bulls and bears for the last 1/2 hour... who will finally win?
From a weekly perspective it looks like it's setting up for a drop. Also look at daily. There is indeed a battle going on at these levels.

Attached Image (click to enlarge)
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  • #6,210
  • Jul 2, 2014 8:43pm Jul 2, 2014 8:43pm
China service PMI number to be thrown into the mix after the Aussie news.
  • #6,211
  • Jul 2, 2014 8:48pm Jul 2, 2014 8:48pm
I think the bull are about to win this again.
  • #6,212
  • Jul 2, 2014 8:55pm Jul 2, 2014 8:55pm
Some insights on RBNZ
http://www.bloomberg.com/news/2014-0...-increase.html
RBNZ’s McDermott Says Traders Mispricing Kiwi as Rates Rise

“The New Zealand dollar is a commodity currency. It should move and if people were pricing it right, now is the time for it to be moving down.”
and
Data-Driven
“People were getting a little ahead of themselves,” McDermott said. “There’s a lot of news to come” before the July 24 rate decision, including first-quarter growth and second-quarter inflation numbers, “and we’re going to absorb that before we make that call.” The July decision will be “absolutely” data-driven, he said.
In trading, you have to be defensive and aggressive at the same time
  • #6,213
  • Jul 2, 2014 8:57pm Jul 2, 2014 8:57pm
Quoting Davit
Some insights on RBNZ http://www.bloomberg.com/news/2014-0...-increase.html RBNZ’s McDermott Says Traders Mispricing Kiwi as Rates Rise “The New Zealand dollar is a commodity currency. It should move and if people were pricing it right, now is the time for it to be moving down.” and Data-Driven “People were getting a little ahead of themselves,” McDermott said. “There’s a lot of news to come” before the July 24 rate decision, including first-quarter growth and second-quarter inflation...

So what all this means for NU ? will it go down ?
  • #6,214
  • Jul 2, 2014 9:05pm Jul 2, 2014 9:05pm
Quoting cobracoder
{quote} So what all this means for NU ? will it go down ?
McDermont says basically he is surprised given low commodity prices NZD should be trading lot lower but the idiot does not get that 3.25 rate is pretty attractive to park funds.
Only way to lower NZD either sell their own or announce there won't be interest rate increase in July.He says depends on first-quarter growth and second-quarter inflation and then make that call.

If you are short you have no choice but to wait or cut your losses.There are signs market is topping out on NZD
In trading, you have to be defensive and aggressive at the same time
  • #6,215
  • Jul 2, 2014 9:23pm Jul 2, 2014 9:23pm
This latest run in kiwi is due to aud/nzd order hitting the system. Once that gets settled kiwi will fall
  • #6,216
  • Jul 2, 2014 9:29pm Jul 2, 2014 9:29pm
0.87 quite firm support on the weekly and monthly, could do one more leg up depending on USD moves next week I think after NFP this week
Come with me if you want to live....
  • #6,217
  • Jul 2, 2014 9:32pm Jul 2, 2014 9:32pm
Quoting giveachance
This latest run in kiwi is due to aud/nzd order hitting the system. Once that gets settled kiwi will fall
Funny part once every Bear get exacerbated pushed to its limits then once forced to take a loss that's when price falls.
Are we at that point? 8840 might be the ceiling and I don't think it will climb higher since commodity prices are low.There are no fundamentals to back anything above 8840
If you are short hold on.

Funny part about officials at RNBZ announcing they are surprised high currency levels
Really? Announcing IR increase and carrying out on schedule is a surprise?These guys are truly moronic.
In trading, you have to be defensive and aggressive at the same time
  • #6,218
  • Jul 2, 2014 9:39pm Jul 2, 2014 9:39pm
Quoting Ill-b-back
0.87 quite firm support on the weekly and monthly, could do one more leg up depending on USD moves next week I think after NFP this week
8750 holding firm.Any tiny dip is getting bought up quick.Its the unshakable kiwi bird
In trading, you have to be defensive and aggressive at the same time
  • #6,219
  • Jul 2, 2014 9:43pm Jul 2, 2014 9:43pm
Quoting Davit
{quote} 8750 holding firm.Any tiny dip is getting bought up quick.Its the unshakable kiwi bird
What's really F... Up is the Kiwi cannot fly.

Go figure
Come with me if you want to live....
  • #6,220
  • Jul 2, 2014 9:45pm Jul 2, 2014 9:45pm
Quoting Ill-b-back
{quote} What's really F... Up is the Kiwi cannot fly. Go figure

now what you mean from that statement
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