more deeper....long only for next month
- #9,465
- Jun 29, 2015 11:17pm Jun 29, 2015 11:17pm
Hi. I'm a bit of a noob when it comes to forex.. especially fundamental. So at the risk of asking a dumb question: Why are a lot of you looking to go long when the RBNZ could cut rates again?
- #9,466
- Jun 29, 2015 11:48pm Jun 29, 2015 11:48pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #9,467
- Jun 29, 2015 11:59pm Jun 29, 2015 11:59pm
{quote} Hi G In forex moves of 50-70pips can happen in a day or even hours.Even though fundamentals point lower NZD its not always linear. Between now and next IR cut (beginning to doubt considering China just dumped their currency) there are lots of ups and downs. Make sure you follow red news on calender.Don't open position before 30min or after NFP 30min until you gain more experience. REgards
Prachait Saxena
- #9,468
- Edited 1:52am Jun 30, 2015 12:37am | Edited 1:52am
- Joined Sep 2014 | Status: Trader | 4,176 Posts
- #9,469
- Jun 30, 2015 3:43am Jun 30, 2015 3:43am
- Joined Jul 2011 | Status: Gold Again | 10,564 Posts
Hi. I'm a bit of a noob when it comes to forex.. especially fundamental. So at the risk of asking a dumb question: Why are a lot of you looking to go long when the RBNZ could cut rates again?
It takes a lot for me to IGNORE you, but you can try.
- #9,471
- Jun 30, 2015 5:59am Jun 30, 2015 5:59am
- Joined Jun 2013 | Status: Trader | 1,006 Posts
{quote} Because they like to pay me some pips
Best regards
- #9,472
- Jun 30, 2015 6:22am Jun 30, 2015 6:22am
- Joined Jul 2011 | Status: Gold Again | 10,564 Posts
It takes a lot for me to IGNORE you, but you can try.
- #9,476
- Jun 30, 2015 8:07am Jun 30, 2015 8:07am
- Joined Jul 2011 | Status: Gold Again | 10,564 Posts
i don't hope too many are overestimating short possibilities. My crystal ball suggests range and hard swings. Something like a huge channel pointing up a bit. Maybe im wrong because i did studied NZD too hard, and that is not always good. Lets wait and see..
NZD has a new official cash rate of 3.25% after the RBNZ cut rates on June 11. The Bank has left the door open for further easing and as such the Kiwi dollar is a bearish currency in the medium term. The recent GDP reading showed a huge miss and this adds weight to the chance of another rate cut, with some banks calling for two more cuts in 2015. Kiwi is at multi-year lows. Credit Suisse’s OIS market is pricing an 82% chance of a cut at the July 23rd meeting.
Anyway, I'm just a day trader, small bites for me, we can both be "right"
It takes a lot for me to IGNORE you, but you can try.
- #9,477
- Jun 30, 2015 10:53am Jun 30, 2015 10:53am
{quote} Did you study the chart or the fundamentals or both? NZD has a new official cash rate of 3.25% after the RBNZ cut rates on June 11. The Bank has left the door open for further easing and as such the Kiwi dollar is a bearish currency in the medium term. The recent GDP reading showed a huge miss and this adds weight to the chance of another rate cut, with some banks calling for two more cuts in 2015. Kiwi is at multi-year lows. Credit Suisses OIS market is pricing an 82% chance of a cut at the July 23rd meeting. Anyway, I'm just a day trader,...
I am just trying to understand, how this is affecting AUDNZD bullish movement.
Any thoughts ...
Prachait Saxena
- #9,478
- Jun 30, 2015 12:50pm Jun 30, 2015 12:50pm
- | Joined Nov 2014 | Status: Trader | 1,140 Posts
{quote} Did you study the chart or the fundamentals or both? NZD has a new official cash rate of 3.25% after the RBNZ cut rates on June 11. The Bank has left the door open for further easing and as such the Kiwi dollar is a bearish currency in the medium term. The recent GDP reading showed a huge miss and this adds weight to the chance of another rate cut, with some banks calling for two more cuts in 2015. Kiwi is at multi-year lows. Credit Suisses OIS market is pricing an 82% chance of a cut at the July 23rd meeting. Anyway, I'm just a day trader,...
