In trading, you have to be defensive and aggressive at the same time
- #4,043
- Apr 2, 2014 4:36pm Apr 2, 2014 4:36pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{quote} One could easily argue that something does not feel right if the USD is "strong". I do not believe a single word of the FED, and if the next NFPs do not come in double green, the hot air could escape from the dollar very quickly. The NZD could even make further gains after a retracement since its status as carry trade currency is based on a great economy right now. And do not say "the price will be too high for export". The London boys just will not give a damn
Sounds like you don't live in US.NFP does not need to be double green even marginally green will be seen as positive because we are coming off from one of the worst winters.
Regards
In trading, you have to be defensive and aggressive at the same time
- #4,045
- Apr 2, 2014 4:42pm Apr 2, 2014 4:42pm
{quote} oh but NZ has to be concerned, you probably dont know but NZ is now looking to regain in position in oil exports, they wont be able to do so if NZD remains strong. another thing is this. Obviously the London boys dont give a damn, in fact they shouldn't after all they are not the ones who controls the fate of the NZD, but instead its the RBNZ, so keep a watchful eyes on RBNZ statement.
- #4,046
- Apr 2, 2014 5:21pm Apr 2, 2014 5:21pm
- Joined Jan 2010 | Status: Trader | 10,268 Posts
{quote} what about your view for another pair, AUD/USD. have any opinion about fundamental on aud? AUD/NZD break daily fibo. just in one day.
right now i think the market is actually waiting for the NFP before a move is done,
Otherwise AUD independent fundamentals are getting worse and worse, i expect to see RBA to begin talking the AUD Down, and if that doesnt work do not discount possible Rate reduction again... (i know Rate reduction has been put on hold on optimism, but Jobs market in AUD is worse and worse, BHP biliton also reported a possible spin off of their assets again), it just seems like AUD is discouraging its investors away now.... partly due to the fact AUD maybe stronger than its supposed to be.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #4,047
- Apr 2, 2014 7:39pm Apr 2, 2014 7:39pm
{quote} Right now AUDUSD is stuck in range with a double top formation, i am bearish biased on AUDUSD but it could go the other way.... right now i think the market is actually waiting for the NFP before a move is done, Otherwise AUD independent fundamentals are getting worse and worse, i expect to see RBA to begin talking the AUD Down, and if that doesnt work do not discount possible Rate reduction again... (i know Rate reduction has been put on hold on optimism, but Jobs market in AUD is worse and worse, BHP biliton also reported a possible spin...
i.m in, short
hope best trade for you.
- #4,048
- Apr 2, 2014 7:46pm Apr 2, 2014 7:46pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{quote} thanks for share, i think this is the right time for selling aud. after several bad news. i.m in, short
thank you
In trading, you have to be defensive and aggressive at the same time
- #4,050
- Apr 2, 2014 8:06pm Apr 2, 2014 8:06pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
Wow glad took some shorts at 8570 PA just dived
my limit shorts at 8580 missed by 1pip
my limit shorts at 8580 missed by 1pip
In trading, you have to be defensive and aggressive at the same time
- #4,052
- Apr 2, 2014 8:42pm Apr 2, 2014 8:42pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #4,053
- Apr 2, 2014 8:44pm Apr 2, 2014 8:44pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
i am just start taking my swing sell with 1500 pips{image} {image}
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In trading, you have to be defensive and aggressive at the same time
- #4,054
- Apr 2, 2014 8:57pm Apr 2, 2014 8:57pm
- Joined Jan 2010 | Status: Trader | 10,268 Posts
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #4,056
- Apr 2, 2014 9:23pm Apr 2, 2014 9:23pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #4,060
- Apr 2, 2014 10:44pm Apr 2, 2014 10:44pm
- Joined Jun 2013 | Status: Trader by hobby not by profession | 7,063 Posts