bears already looking for a hiding spot.{image}
- #4,401
- Apr 10, 2014 1:50am Apr 10, 2014 1:50am
- Joined Jun 2013 | Status: Trader by hobby not by profession | 7,045 Posts
- #4,402
- Apr 10, 2014 1:52am Apr 10, 2014 1:52am
- Joined Jun 2013 | Status: Trader by hobby not by profession | 7,045 Posts
china trade balance, blah blah, well, why then no reaction and follow through in Gold for instance? because XAU got into strong demand zone, which is supported by the TL and also 50% fib of a big previous swing. why is UCAD still going down then if commods are screwed ?{image}
- #4,403
- Apr 10, 2014 2:25am Apr 10, 2014 2:25am
- Joined Jul 2011 | Status: Lord Of War | 1,853 Posts
Dairy prices fell 8.9 percent at today’s auction to $4,124 a tonne on a trade-weighted basis, which is the fourth consecutive drop and the lowest price since August 2012. The decrease spoils New Zealand’s 40-year high terms of trade, which is seen as a major driver behind the country’s accelerating economic growth, and if the dairy sector slows down the RBZN may raise rates more slowly.Last month, the Reserve Bank hiked the Official Cash Rate by 25 basis points to 2.75 percent and became the first developed world central bank to lift rates since 2011. So far this year, the kiwi has been one of the best-performing currencies, and has risen about five percent against the greenback.
“We expect four rate hikes this year - one is April, but now we've got some questions around July if the Fonterra prices continue to weaken,” said Tim Kelleher, head of institutional FX sales NZ at ASB Institutional in Auckland.
On Monday, the International Monetary Fund said the New Zealand dollar is overvalued by 5 to 15 percent, a range that reflects the uncertainty about the kiwi’s pricing. “Reducing pressure on the exchange rate and limiting the current account deficit in a lasting way will require structural measures to address the savings-investment gap, rather than being the task of short-term macro-economic management,” advised the fund.
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it was 2.april Anyways as we see ...next month export will be huge F-Up and i bet they wont raise rates this month.
Hang on few weeks and build shorts as i do=
“We expect four rate hikes this year - one is April, but now we've got some questions around July if the Fonterra prices continue to weaken,” said Tim Kelleher, head of institutional FX sales NZ at ASB Institutional in Auckland.
On Monday, the International Monetary Fund said the New Zealand dollar is overvalued by 5 to 15 percent, a range that reflects the uncertainty about the kiwi’s pricing. “Reducing pressure on the exchange rate and limiting the current account deficit in a lasting way will require structural measures to address the savings-investment gap, rather than being the task of short-term macro-economic management,” advised the fund.
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it was 2.april Anyways as we see ...next month export will be huge F-Up and i bet they wont raise rates this month.
Hang on few weeks and build shorts as i do
=
Early to bed, early to rise, keeps you healthy, wealthy and wise.
- #4,408
- Apr 10, 2014 2:37am Apr 10, 2014 2:37am
- Joined Jul 2011 | Status: Lord Of War | 1,853 Posts
Early to bed, early to rise, keeps you healthy, wealthy and wise.
- #4,410
- Apr 10, 2014 2:49am Apr 10, 2014 2:49am
- Joined Jul 2011 | Status: Lord Of War | 1,853 Posts
Early to bed, early to rise, keeps you healthy, wealthy and wise.
- #4,411
- Apr 10, 2014 2:49am Apr 10, 2014 2:49am
- | Commercial User | Joined Jan 2011 | 4,044 Posts
{quote} good. last time you didn't have GU taking on multi-year highs though, right? What's that GU W1 chart telling you now? http://www.forexfactory.com/attachme...8&d=1397109660
- #4,412
- Apr 10, 2014 2:54am Apr 10, 2014 2:54am
- Joined Jul 2011 | Status: Lord Of War | 1,853 Posts
{quote} make it more simple. can it be W1 triangle break-out to the top then ?
I dont mind if NZDUSD goes to 0.8800 area because its best spot where to add huge shorts.You dont know and I dont know what will happen
they can intervene right now if they want..
Early to bed, early to rise, keeps you healthy, wealthy and wise.
- #4,414
- Apr 10, 2014 2:59am Apr 10, 2014 2:59am
- Joined Jul 2011 | Status: Lord Of War | 1,853 Posts
Early to bed, early to rise, keeps you healthy, wealthy and wise.
- #4,415
- Apr 10, 2014 3:09am Apr 10, 2014 3:09am
- | Joined Aug 2011 | Status: Trader | 2,640 Posts
{quote} and thats your reason why gbpnzd,audnzd should stay @ lowest point? u dont think there will be correction? I dont mind if NZDUSD goes to 0.8800 area because its best spot where to add huge shorts.You dont know and I dont know what will happen
Hello NZ
You would think so
they have before
Down to last long 0.877
prefer a we dump
must be due 0.85
{quote} and thats your reason why gbpnzd,audnzd should stay @ lowest point? u dont think there will be correction? I dont mind if NZDUSD goes to 0.8800 area because its best spot where to add huge shorts.You dont know and I dont know what will happen
- #4,420
- Apr 10, 2014 3:37am Apr 10, 2014 3:37am
- | Commercial User | Joined Jan 2011 | 4,044 Posts
{quote} Hello Slow Live in NZ Its good place to live etc we have good money man Key running the show. But we have social welfare problems loads of free loaders breeding like blow flies Work has to go fix all the houses they wreck an turn in to P labs. Its very hard to find employable workers here. You can't give everyone a free state house cradle to grave dole checks etc
