[I]Buddha buttocks
on your hands
bring you wealth
[/I]
Morning, Peeps!
UK GDP figures a little weak this morning,
making Pound pairs a little dovish…
GBP/NZD loses its grip on 2.19 and slips below 2.18 as I type this…
The non-commercials (that is, large speculators
(for example hedge funds)) are moderating their
long exposure to the Kiwi, suggesting a possible
conforming of the currency to its long-term bear
trend, both price-driven and fundamentally motivated,
as the RBNZ’s further o.c.r. cut bets start gaining
strength again…
Tomorrow: Global Dairy Trade auction!
Uptrend holding up nicely: next high should
be 2.20 or higher…
…In today’s early London session, the Kiwi
appreciate back above that accursed level,
the 0.68, making our pair (GBP/NZD) slip
below 2.12… The trendline hold that I highlighted
in my previous post is, therefore, broken…
I think this is speculative pro-Kiwi positioning
in the run-up to today’s Global Dairy Trade auction,
which is taking place right now…
Perhaps a positive result is forecast, and price
is being pushed up…
Looks like you were right about the positive forecast. Not going to help GBP/NZD push up today at any rate.
I know!! 
However, neither NZD/USD nor GBP/NZD moved
much after the news, so perhaps it was not
enough of a positive result for the buy side…
Lets hope it holds
Your best to avoid gbp nzd only gbp that i do is gbp aud
Thank God you posted, and with such a fulsome, coherent and well-argued explanation, too. Just think: 132 pages of interesting conversation here, with extensive input from many participants who are making their full-time livings from forex trading; but without your benificent, cogent and invaluable insight, we’d all have carried on wasting years of our lives … :34:
Thank duck we are not you bro!
Look at my buy aud usd thread in show me money day trading. Im very happy being me 