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NZD/USD

  • #3,801
  • Mar 26, 2014 6:34pm Mar 26, 2014 6:34pm
with market like this, better stay out.
closed all long nzd...watch movie and take holiday
simple is better
  • #3,802
  • Mar 26, 2014 8:17pm Mar 26, 2014 8:17pm
Quoting irongoose
Why would anyone be shorting The NZD after post a trade surplus like that!?
Supply and demand? Value? How does this trade balance reflect on value of their currency? So far not much has happened. Now against an aud cross I think we will see a good correction.
"HEY! Whats all this chocolate on yo face?" - "It's doodoo, babby!"
  • #3,803
  • Mar 26, 2014 8:36pm Mar 26, 2014 8:36pm
It's moving up as we speak
  • #3,804
  • Mar 26, 2014 8:45pm Mar 26, 2014 8:45pm
Quoting grandia
It's moving up as we speak

It sure is. Pala your long hanging in there I see.
  • #3,805
  • Mar 26, 2014 9:02pm Mar 26, 2014 9:02pm
Quoting irongoose
Why would anyone be shorting The NZD after post a trade surplus like that!?
Even in light of Chinese 'slowdown'. Fonterra raising prices, some good data. Imports m/m didnt change at all, exports grew nicely though.
  • #3,806
  • Mar 26, 2014 9:13pm Mar 26, 2014 9:13pm
targeting all time highs. 86 easily cleared. wonder if a stock correction can trigger a correction in NZD.
  • #3,807
  • Mar 26, 2014 10:22pm Mar 26, 2014 10:22pm
short 8626 2x
In trading, you have to be defensive and aggressive at the same time
  • #3,808
  • Mar 26, 2014 10:25pm Mar 26, 2014 10:25pm
Quoting Davit
short 8626 2x

  • #3,809
  • Mar 26, 2014 10:45pm Mar 26, 2014 10:45pm
Quoting Rizmeister
{quote}
Top side is limited.With USD getting stronger only direction is down to me.
They are folks here posting numbers 88-90
Last time we saw 88 was in 2011 financial meltdown. Not likely to happen now under preset fundamentals.Could price push 87? sure but I will continue shorting.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #3,810
  • Mar 26, 2014 11:36pm Mar 26, 2014 11:36pm
I think we will at least reach april 2013 high, probably passing 0.87
Carry traders are there and will not close their positions in the near term I believe
With the trading balance high above prediction, I'm guessing importers will demand more NZD

Nice performance NZD! I'm going to buy anchor butter later
  • #3,811
  • Mar 26, 2014 11:47pm Mar 26, 2014 11:47pm
Quoting Davit
{quote} Top side is limited.With USD getting stronger only direction is down to me. They are folks here posting numbers 88-90 Last time we saw 88 was in 2011 financial meltdown. Not likely to happen now under preset fundamentals.Could price push 87? sure but I will continue shorting. Regards
agreed. its going to stop soon. nothing can run continuously week after week. at least if not down, sideways like JPY is doing.
  • #3,812
  • Mar 26, 2014 11:51pm Mar 26, 2014 11:51pm
Gidday NZ

Long to 0.86.6

Doing we buys an taking profit

Been caught so many times

at the top off the mountain

you get cocky an keep loading them up

an then bang it will spike down.
  • #3,813
  • Mar 27, 2014 12:32am Mar 27, 2014 12:32am
Quoting Rizmeister
{quote} It sure is. Pala your long hanging in there I see.
yes, yes it is lol!

No guts no glory lol! The hiding bulls are rowing the boat.
There are those who know, and there are those who don't know.
  • #3,814
  • Mar 27, 2014 12:41am Mar 27, 2014 12:41am
New Zealand finance minister English: he expects NZD to decline over time http://bit.ly/1oXvanl
not euphoria follower
  • #3,815
  • Mar 27, 2014 1:44am Mar 27, 2014 1:44am
going nuts now. parabolic.

no resistance. it hasnt been down for 17 out of the last 21 days. thats the power of this carry trade post-GFC.
  • #3,816
  • Mar 27, 2014 1:45am Mar 27, 2014 1:45am
Quoting Davit
{quote} Top side is limited.With USD getting stronger only direction is down to me. They are folks here posting numbers 88-90 Last time we saw 88 was in 2011 financial meltdown. Not likely to happen now under preset fundamentals.Could price push 87? sure but I will continue shorting. Regards
2008 didn't have expected GDP,growth and interest rate hikes in the future.

NZD maybe headed to parity, I would NOT short, only buy medium term pullbacks above .80xx
  • #3,817
  • Mar 27, 2014 1:46am Mar 27, 2014 1:46am
Quoting iqyu5an
New Zealand finance minister English: he expects NZD to decline over time http://bit.ly/1oXvanl
well what is his time frame? Over time could be a very long time

a sharp fall won't be there as long as they keep the rate above 2.5%
  • #3,818
  • Mar 27, 2014 1:49am Mar 27, 2014 1:49am
Quoting grandia
{quote} well what is his time frame? Over time could be a very long time a sharp fall won't be there as long as they keep the rate above 2.5%
at the moment a red day would be very difficult, let alone going down over time

thing is like a ballistic missile.

just put on 7-8 pips after i wrote this message. thats how fast its going.

this is a multi year move still in progress. could it end up at 1.00?
  • #3,819
  • Mar 27, 2014 2:01am Mar 27, 2014 2:01am
Just closed my long for 70 pips profit.. Poker Face
There are those who know, and there are those who don't know.
  • #3,820
  • Mar 27, 2014 2:21am Mar 27, 2014 2:21am
from a high point its accelerating at a huge pace. parity is definitely in sight this year. dont know if it will even have any retrace.

theres too much carry trade money on the sidelines.
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