afzal

afzal

interest rates : rates to remained unchanced tone : i expect the tone to be bearish with recent deterioration in data signal mkt is looking : market is looking when rbnz will raised rates next, i believe they may not raised rates this year hence negative for kiwi our view : bearish tone Hence Bearish NZD . if tone is bearish kiwi will tumble towards 0.81 cents...

afzal

IMPORTANCE : positive data can put pressure on FED to raise rates in future , market expectation : Forecast is for positive nos , at 226k , risk : non farm nos are always notorious there is always great divergence between actual and forecasted nos. average pip movement : 30-100 pips movement happened due to divergence in nos and market expectation my view : i...

afzal

RECENT action suggests market is positioning for a big move in todays conference Data : Weak inflation , retail sales , business confidence nos will put pressure on ECB to act market expectation : market is expecting ECB to take action either by lower rates or some other measures. imp : remember shorts position are at 2 yr high , euro has almost fallen 700 pips...