On NZDUSD, price went into a bearish trend. One final bearish impulse is expected as we are targeting the support levels. Nothing else to mention, so wait for the trigger and Trade safe.
Best of Luck
MacroForex
Sell NZDUSD
USDollar is on a temporary downtrend the second the government re-opens I expect the Dollar to come out of it's rut. They are not going to risk anyone losing food, or credit the US Government makes way too much money for that. New Zealand is powered by Milk prices, and produce which is still a limited market. Still a very good short entry as I see...
Fundamentals:- We had a crack at this one last week but it ended up just consolidating. This week we are looking to the NZ financial stability report and the NFP to bring in some much needed volatility to get this currency pair moving. Looking at the macro prudential tools that the RBNZ use to base there report I can see that the economy is static or drifting off...
Fundamentals:- We have retail sales out from NZD tonight at 11:45pm so the markets will just be open in time. Depending on the figure will depend on where we enter this trade it might be that the market even opens lower than it closed in anticipation of the data. Expecting the USD to continue strengthening into the week next week certainly against the weaker...
Opportunity
BUY EUR/NZD
Fundamentals
Recently Data in the Eurozone has been improving and there is much talk about when the ECB will start the process of tapering their QE program. Although inflation figures can be misleading to the untrained eye it is important to focus on what the Central Bank is Basing it's decisions on. Inflation increased by 1.3% in June...
Hello Traders,
Price is rising correctively, watch for another down move into the bottom trendline. Sell as much higher as you can.
Good luck!
Cheers,
Jonas
Fundamentals:- The improved GDP from New Zealand last week really helped the downside in the GBP/NZD pair. Although the GDP figure was good it does not change the fact that CPI in NZ is still very low and the recent rate cut from the RBNZ brings into light the posibility of another in the next meeting. UK CPI is due out next week and expected to be better with a...
