Fundamentals in Kiwi (NZD) trading

ria_rose · September 12, 2019, 6:30am

Do you have an open trade on this pair, PipMeHappy?

PipMeHappy · September 12, 2019, 7:06am

No, I don’t, but I just wanted to help

ria_rose · September 12, 2019, 7:08am

Awww. Thank you! Much appreciated! But yeah, I’ll watch price movement for now since there will be rate cuts and I’m not sure just how much impact it’s gonna have.

PipMeHappy · September 12, 2019, 7:21am

that’s it, nobody knows that bit.

It’s about kniwing what moves the Kiwi the most at the moment…

PipMeHappy · September 16, 2019, 3:54pm

Well, whatever happened to those buyers?

PipMeHappy · September 23, 2019, 4:27am

@ria_rose @ponponwei

Well, hello!

The RBNZ rate decision is on Wednesday, thus only two days away; here is where the Kiwi is at:

What happened to Kiwi dollar buyers? Where will the Kiwi dollar head to next?

ria_rose · September 23, 2019, 4:31am

I’m currently short for NZDCAD. I’m hoping price continues to go down, but if not, I think I already have a decent amount of pips with me right now. Thanks for the update @PipMeHappy!

PipMeHappy · September 23, 2019, 6:22am

@ria_rose Hey Ria, well done. Let us see what happens!

ponponwei · September 23, 2019, 2:28pm

Was initially going to go on a quick long NZD/USD trade but then with RBNZ announcement coming up… I think I better stay away

PipMeHappy · September 23, 2019, 6:25pm

@ponponwei Absolutely!!!?

ponponwei · September 23, 2019, 9:01pm

What are your open trades right now?

PipMeHappy · September 23, 2019, 9:40pm

EUR/TRY short

ponponwei · September 23, 2019, 10:01pm

Ooooh gotta check that out!

PipMeHappy · September 23, 2019, 10:03pm

@ponponwei USD/TRY: an incredible pair

PipMeHappy · September 26, 2019, 7:15pm

Hello @ria_rose and @ponponwei , what do you think about NZD after yesterday’s RBNZ rate-hold decision?

Today the Kiwi seemed to have loitered in a slightly bullish mode but without conviction: it seems that
it is inconclusive which way it will go next, based on the fact that it has depreciated so much already and
that the recent push to the upside was a false start.

ponponwei · September 30, 2019, 2:38am

Looks like it’s consolidating? I’m glad I didn’t jump in though. I probably won’t jump in this week either. Well, unless I see it moving somewhere in the next 2 days.

PipMeHappy · September 30, 2019, 5:05am

So much waiting… excitement over (for now)!

ria_rose · September 30, 2019, 7:08am

Sorry I just saw this now! Hmm. I wanna say I also think it’s consolidating, but I have a feeling it’s gonna continue to go down. What do you think?

PipMeHappy · September 30, 2019, 7:49am

I agree on both counts.

Futures data is mixed and lacking momentum, showing good volume from both buyers and sellers but generating little traction in either direction. Here are the December-expiry NZD futures contracts from CME:

ria_rose · September 30, 2019, 8:14am

Thanks for sharing that PipMeHappy! Do you plan to open an NZD trade? Or would you rather sit it out for now?