DislikedAggressive traders would initiate fresh short-positions in NZDUSD.... Drop below 0.7100 mark would open room for continuing downward trajectory towards 0.7030-20 support area... {image}Ignored
- #9,363
- Jun 2, 2015 1:11pm Jun 2, 2015 1:11pm
- Joined Sep 2013 | Status: boreddddd | 3,137 Posts
{quote} Any idea till when it go up ?I am holding 6 positions
I am long too here, got tired shorting it at 76-77, left for a week and found it down here making new lows so it was a good long. According to my plan this can go and meet the two targets before reverting down again to find support. It's in a new yearly area so it can behave any way it likes. If momentum is good for up I can see it bouncing to .7530 area with a bad nfp and from there I will have to make a new plan. Actually I closed most of my longs today much lower, kept some for the +swap & target .73 but not gonna hold them forever if .71 breaks again.
- #9,365
- Edited Jun 3, 2015 5:54am Jun 2, 2015 6:07pm | Edited Jun 3, 2015 5:54am
- Joined Sep 2014 | Status: Trader | 4,176 Posts
******
for update only,
******
for reference only,
Japan loans from Friday will invest on other countries (including NZ and AUS) in order that NZD will be going up next week.
******
Westpac economists lower their milk price forecast for new season after sixth consecutive fall at global dairy auction; say financing costs may rise for farmers
http://www.interest.co.nz/rural-news/75798/westpac-economists-lower-their-milk-price-forecast-new-season-after-sixth
We earn more from exports than we spend on imports
http://www.stats.govt.nz/browse_for_...MRYeMar15.aspx
Forex - NZD/USD: Kiwi Vulnerable as RBNZ Proposal Feeds Dovish Bets
http://wbponline.com/Articles/View/4...ds-dovish-bets
******
Today, US Trade Balance will make NZD/USD up/down?
******
for update only,
******
for reference only,
Japan loans from Friday will invest on other countries (including NZ and AUS) in order that NZD will be going up next week.
******
Westpac economists lower their milk price forecast for new season after sixth consecutive fall at global dairy auction; say financing costs may rise for farmers
http://www.interest.co.nz/rural-news/75798/westpac-economists-lower-their-milk-price-forecast-new-season-after-sixth
We earn more from exports than we spend on imports
http://www.stats.govt.nz/browse_for_...MRYeMar15.aspx
Forex - NZD/USD: Kiwi Vulnerable as RBNZ Proposal Feeds Dovish Bets
http://wbponline.com/Articles/View/4...ds-dovish-bets
******
Today, US Trade Balance will make NZD/USD up/down?
******
- #9,369
- Edited Jun 4, 2015 3:55am Jun 3, 2015 9:21pm | Edited Jun 4, 2015 3:55am
- Joined Sep 2014 | Status: Trader | 4,176 Posts
AUS trade balance is a bad news for AUS but may be a good news for NZ as AUS is the largest importer for NZ's export.
******
******
The arguments in favour of an OCR cut are strengthening, Harbour Asset Management's Christian Hawkesby says
http://www.interest.co.nz/opinion/75...ents-christian
******
******
******
******
The arguments in favour of an OCR cut are strengthening, Harbour Asset Management's Christian Hawkesby says
http://www.interest.co.nz/opinion/75...ents-christian
******
******
- #9,372
- Jun 5, 2015 4:58am Jun 5, 2015 4:58am
- | Membership Revoked | Joined May 2008 | 3,395 Posts
The Market pays you to be disciplined
- #9,373
- Jun 5, 2015 5:09am Jun 5, 2015 5:09am
- | Membership Revoked | Joined May 2008 | 3,395 Posts
The Market pays you to be disciplined
- #9,374
- Jun 5, 2015 5:27am Jun 5, 2015 5:27am
- Joined Jul 2013 | Status: Trader | 1,738 Posts
{quote} COT says downside but last a few days doesn't support it.....Greece has no effect on EUR therefore on USD...any stop can be taken...
- #9,375
- Edited 7:04am Jun 5, 2015 6:13am | Edited 7:04am
- Joined Sep 2014 | Status: Trader | 4,176 Posts
{quote} NZD going up...looks like only NFP in focus...
The end of this week : last minutes for USA session NZD/USD should step down normally.
nfp : if more than 200k : assumption, will be good for USD.
every web sites have different expected value for nfp but very close. it implies if not drop to less than 150k, it would be good news.
Private Nonfarm Payrolls (May) will backup any nfp's result-effect so USD would be up.
av. hr earnings is the key actually.
******
******
see you next week.
Have a nice weekend !
- #9,376
- Jun 5, 2015 7:39am Jun 5, 2015 7:39am
- | Membership Revoked | Joined May 2008 | 3,395 Posts
The Market pays you to be disciplined
- #9,378
- Edited 5:48pm Jun 5, 2015 4:06pm | Edited 5:48pm
- Joined Sep 2014 | Status: Trader | 4,176 Posts
{quote} All good!!!
As your expectation!If you remember this happened several months ago (and also about one year ago as well : twice corrections),
For nfp, the expected-value was very low and the actual result was very high (similar value to this time),
They corrected it the month after, so they will correct this next month.
Is Change in Manufacturing Payrolls (MAY) too strong (from 1k to 7k)?
As, on Tue, 2Jun2015, Factory Orders (MoM) (Apr) = -0.4%.
******
******
Well, you gotta hand it to our ex-forex trader Prime Minister....he can now close out his 9 month short trade***, LOL ;-)
http://www.interest.co.nz/currencies...-valued-agrees
Cheers, Motu
***Barclays projects.
"In the weeks and months ahead, we are looking for NZDUSD to trend lower towards greater targets near 0.6870 and potentially the range lows in the 0.6560 area," Barclays adds.
Copyright
2015 eFXnews
http://www.interest.co.nz/currencies...-valued-agrees
Cheers, Motu
***Barclays projects.
"In the weeks and months ahead, we are looking for NZDUSD to trend lower towards greater targets near 0.6870 and potentially the range lows in the 0.6560 area," Barclays adds.
Copyright
2015 eFXnews