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NZD/USD

  • #10,401
  • Dec 1, 2015 1:54am Dec 1, 2015 1:54am
Quoting ben82
very hard kiwi, target 70?

.667 - .668 sellers should get onboard
  • #10,402
  • Dec 1, 2015 1:55am Dec 1, 2015 1:55am
Quoting Bicarus
{quote} .667 - .668 sellers should get onboard
uptrend, stopping on the opposite
  • #10,403
  • Dec 1, 2015 7:31am Dec 1, 2015 7:31am
Hello NZDUSD group,

Anyone see GDT price going up today? Historical data shows it may have bottomed and stabizing, offering support for the Kiwi to regain some lost strength.

sjc
  • #10,404
  • Dec 1, 2015 7:50am Dec 1, 2015 7:50am
came out on monday
http://news.forexlive.com/!/the-kiwi...stpac-20151130
  • #10,405
  • Dec 1, 2015 7:57am Dec 1, 2015 7:57am
Tentative NZD GDT Price Index - This already came out on Monday? Why does FF still have it on the calendar?
  • #10,406
  • Dec 1, 2015 8:01am Dec 1, 2015 8:01am
in my opinion, any upward movement is capped by usd strength, especially since rate hike is highly likely in the coming days/weeks. It just sucks that I entered a bit too soon.
  • #10,407
  • Edited 8:30am Dec 1, 2015 8:10am | Edited 8:30am
Quoting coldvinc
in my opinion, any upward movement is capped by usd strength, especially since rate hike is highly likely in the coming days/weeks. It just sucks that I entered a bit too soon.


When talking US$ strength, I don't think you can count that against the Kiwi. If you look at all the Major US$ pairs, Kiwi has been the most resilient. It's the outlier. I trade GbpNzd almost exclusively. It's been amazing how the Kiwi has been in control of this pair and EurNzd.

Secondly, I like to use the xxxCHF pairs as a proxy of strength. I think its a fairer measure. Especially since it technically is the weakest currency on the board carrying a negative rate. Again, Kiwi has fared well vs the Chf.

Risk in current trading I would have to say is there being no US rate hike in December, market is pricing it in, so the risk is if it does not take place. US$ weakness.

Just my two cents. Thanks for the feedback.
  • #10,408
  • Dec 1, 2015 8:27am Dec 1, 2015 8:27am
Quoting Karpa
came out on monday http://news.forexlive.com/!/the-kiwi...stpac-20151130

Karpa,

Thanks for the link.
In my experience of trading, long term forecasts can be very misleading. We need to know what will happen this week, today, tomorrow and trade on that information. Trading on "fundamental" news has burned me every time. Too far out and Market Makers don't necessarily take that into account in the present. So forecasting 3months to a year...I personally wouldn't trade off that "info".
  • #10,409
  • Dec 1, 2015 8:29am Dec 1, 2015 8:29am
GlobalDairyTrade data

  1. GDT price index up 3.6%
  2. Whole milk powder prices +5.3%

  • #10,410
  • Dec 1, 2015 8:31am Dec 1, 2015 8:31am
Quoting Gdi
Tentative NZD GDT Price Index - This already came out on Monday? Why does FF still have it on the calendar?
Sorry I meant the news article came out on monday
  • #10,411
  • Dec 1, 2015 8:31am Dec 1, 2015 8:31am
And there we go, GDT rises 3.6%, and whole milk powder rises 5.3%
  • #10,412
  • Dec 1, 2015 9:37am Dec 1, 2015 9:37am
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD_H4.gif Size: 207 KB
  • #10,413
  • Dec 1, 2015 10:30am Dec 1, 2015 10:30am
Quoting Dano12
{image}
time to sell?
I hate kiwi's short swaps
  • #10,414
  • Dec 1, 2015 10:43am Dec 1, 2015 10:43am
Quoting Bicarus
bull trap, sell target 0.65
how is that trap doing....
  • #10,415
  • Dec 1, 2015 10:44am Dec 1, 2015 10:44am
I am short already, but I may made a mistake. it may go all the way to 0.6717???
I hope not
  • #10,416
  • Dec 1, 2015 10:45am Dec 1, 2015 10:45am
Quoting lioslim
I am short already, but I may made a mistake. it may go all the way to 0.6717??? I hope not
Trading with out stops? Shame on you
  • #10,417
  • Dec 1, 2015 10:48am Dec 1, 2015 10:48am
Quoting Compulsive
{quote} Trading with out stops? Shame on you
Ok.

I take it your in buy mode like some of us. Where you looking to exit? 6720ish?
  • #10,418
  • Dec 1, 2015 10:53am Dec 1, 2015 10:53am
Quoting Gdi
{quote} Ok. I take it your in buy mode like some of us. Where you looking to exit? 6720ish?
I am flat - only wished that I would have hung on, - got out last night
  • #10,419
  • Dec 1, 2015 10:56am Dec 1, 2015 10:56am
Quoting Compulsive
{quote} I am flat - only wished that I would have hung on, - got out last night
Flat is better then selling.
  • #10,420
  • Dec 1, 2015 11:45am Dec 1, 2015 11:45am
shorting 6674, 1 micro lot till NY close
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