Are you looking at 30 second charts, 1 minute charts, 5 minute charts, 15 minute charts, 60 minute charts, 240 minute charts or daily charts?
Just thinking out loud.
Cheers, Motu
Milking 4 pairs AUD/NZD, EUR/GBP,NZD/CAD & AUD/CAD for a living 38 replies
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Disliked{quote} You are senior member? You really haven't got a clue what is going on? Analysts at Westpac forecasts RBNZ to reduce the official cash rate to 2% by the end of 2015 citing weak dairy prices and soft inflation - Other large investment banks forecasts the RBNZ lowering rates throughout the year with most seeing rates lowered to 2.50% by the end of the year. - Next rate meeting is on the 22nd of July will all analysts surveyed unanimously seeing rates being lowered by 25bps while Credit Suisse OIS display a 100% chance for rates to...Ignored
Disliked{quote} I think Erebus sums it up well here... etc.....Cheers, Motu ;-)Ignored
DislikedI know that RBNZ has said before that their currency is at an unsustainable level. Does anyone know if they officially mentioned a target price or range where they'd like to see it?Ignored
Disliked{quote} LOL this is a silly question, they don't care where the price of the currency goes but where the economic conditions go. The bank needs to flex according to its monetary policy and focus. Unless its some sort of peg they not going to say a specific price as it doesn't matter, market competition is pretty efficient these days anyway.Ignored
Disliked{quote} Actually central banks do care about how strong or weak thier currency is. And sometimes they even mention a rate that they believe is more suitable for thier current economic conditions. Earth shattering, I know.... Thank you for your help.Ignored
Disliked{quote} Actually central banks do care about how strong or weak thier currency is. And sometimes they even mention a rate that they believe is more suitable for thier current economic conditions. Earth shattering, I know.... Thank you for your help.Ignored
DislikedI know that RBNZ has said before that their currency is at an unsustainable level. Does anyone know if they officially mentioned a target price or range where they'd like to see it?Ignored
Disliked{quote} Yes, we hit it today at .6500...they've been specifying that price for the last few months.Ignored
Disliked{quote} If you are always so sure like this you should be a Billionaire by now At lease you could say We may see....Ignored
Disliked{quote} If you are always so sure like this you should be a Billionaire by now At lease you could say We may see....Ignored
Disliked{quote} Yes, we hit it today at .6500...they've been specifying that price for the last few months.Ignored
Disliked{quote} that price did not factor in 3 consecutive rate cuts. the bounce has been pathetic. so it will fall againIgnored
Disliked{quote} I didn't say that it wouldn't go lower. Someone asked if there was a target price that the RBNZ wanted and I simply answered his question. Actually, I'm sure the RBNZ would like it even lower as New Zealand is primarily an export country, hence a weaker currency is good for them. With U.S. rate hikes on the way, it makes perfect sense that it will surpass .6500 and keep heading down over the remainder of the year.Ignored