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Attachments: NZD/USD
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NZD/USD

Quoting egkid
{quote} Possible for me i wait 8616
Even i closed @8608 but i was right 8616 touched
cya tomorrow
Inserted Video
Moved S/L to B/E. Got TP at .86700.

$$$$ Love having no risk at the table after intial stop loss is moved to B/E.
they been accumulating longs since 4/17 this shit is going up
Perfect moment. Went short 6 lots @0,8621, SL @0,8661, TP@ 0,8541 (1/3), 0,8526 (1/3), 0,8511 (1/3). RR 1:2 as usual.
so 8640 area to test resistance
because of this bank rate. i dream possible H&S formation.

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on the other hand i follow S&R

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Quoting zen252
anyone know where to se the live broadcast of the RBNZ statement?
No live broadcast. Gov. Wheeler & the RBNZ has the statement pre-typed, and set for release the minute the OCR is announced
Here it is: http://www.rbnz.govt.nz/news/2014/5710394.html
not much movement...*yawn*
Twitter: @TrendersGame
With Aud's negative sentiment off of CPI miss yesterday, and the re-confirmation of RBNZ's rate hike outline today, I decided to go short Aud/Nzd when it retraced back to 1.0800 after taking out any orders under it during the announcement.

This feed pretty much sums it up: Positive NZD sentiment throughout the market. Central bank stands by rate outline, raises OCR for 2nd time in a row.
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go to 8650
Quoting Dano12
go to 8650
don't look like it's going to make it.
Doc K
Quoting Doc_kirbs
{quote} don't look like it's going to make it.

Wait and see, must move the market Asia
HI. wHAT DO YOU THINK ABOUT THE REPORT ? For you is hawkish or dovish ? And may you explain why
from nz herald article

"In our view, concern over the speed and magnitude of dairy price falls and discomfort with the strong NZD's decoupling from commodity prices would indicate the RBNZ is far from committed to lifting the OCR in June," ASB chief economist Nick Tuffley said in his OCR preview last week
Quoting zen252
from nz herald article "In our view, concern over the speed and magnitude of dairy price falls and discomfort with the strong NZD's decoupling from commodity prices would indicate the RBNZ is far from committed to lifting the OCR in June," ASB chief economist Nick Tuffley said in his OCR preview last week

funny, I just now saw more from Tuffley today on the just-released RBNZ statement, off of OFT's News Feed:

Quote
NZD – With no RBNZ OCR decision in May, chief economist Nick Tuffley at ASB banks sees next 25bps hike in June as opposed to July. "There was not enough in the statement to suggest that the RBNZ is, at present, seriously considering being on hold in June.

Today's Rate Statement from the RBA: http://www.rbnz.govt.nz/news/2014/5710394.html
Quoting EmeraldEyes
{quote} funny, I just now saw more from Tuffley today on the just-released RBNZ statement, off of OFT's News Feed: {quote} Today's Rate Statement from the RBA: http://www.rbnz.govt.nz/news/2014/5710394.html
These guys are really crazy
Wont surprise me 2008 in NZ .With entire world trying to keep IR low these guys are actively pushing up while their biggest trading partners are showing negative growth Australia and China
Bubble in the making. 60% of NZ mortgages are floating.Lot of folks are getting screwed.
In trading, you have to be defensive and aggressive at the same time
could still go up IMO. Im still bearish
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Pecuniae obediunt omnia
Quoting Davit
{quote} These guys are really crazy Wont surprise me 2008 in NZ .With entire world trying to keep IR low these guys are actively pushing up while their biggest trading partners are showing negative growth Australia and China Bubble in the making. 60% of NZ mortgages are floating. Lot of folks are getting screwed.

The housing market in NZ has become unaffordable for first time buyers, especially in Auckland and Christchurch. It appears we have a lot of foreign buyers coming in and purchasing houses and pumping prices that is unsustainable. My wife and I have a goal to look at purchasing a second property when this bubble bursts.

The problem with most of the floating rates is they offer a deal that what ever you have in you bank saved is offset on your mortgage, so if you have a $400,000k mortgage at 5.65 % but you have $100k Saved then your mortgage is actually $300,000K..... and these schemes were bought in when the last crash happened in 2008.

It seems like a viscous circle we are entering. Plus the fact we have companies doing interest free loans on furniture for up to 36months, and people find out the hard way that the interest free component is then added on after the 3 years, only to default and have stuff repossessed.

When will we learn.
Quoting PIPot
could still go up IMO. Im still bearish {image}
Agree main markets are not open yet
My shorts are waiting
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In trading, you have to be defensive and aggressive at the same time
Quoting zen252
{quote} The housing market in NZ has become unaffordable for first time buyers, especially in Auckland and Christchurch. It appears we have a lot of foreign buyers coming in and purchasing houses and pumping prices that is unsustainable. My wife and I have a goal to look at purchasing a second property when this bubble bursts. The problem with most of the floating rates is they offer a deal that what ever you have in you bank saved is offset on your mortgage, so if you have a $400,000k mortgage at 5.65 % but you have $100k Saved then your mortgage...
One of the comments from NZ Herald

"The govt uses tax payers money to borrow off shore at 4.75% and then makes this money available to the banks at 3% (overnight cash rate ). A subsidy of 1.75% or 37% of their borrowing cost . And then the banks charge us 6% for what the tax payer loaned them at 3%, a 100% mark up on our own money? This is too crazy to be true, isn't it?"

I am sorry to say will sell the Kiwi with vengeance above 8650
In trading, you have to be defensive and aggressive at the same time
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