Well done, EddieB!
Good morning, traders!
Disappointing UK jobs data flushed the Pound pairs
and GBP/NZD was no different, dropping about eighty
However, the drop occurred at around 2.34, which
means that it has recovered recent losses.
I closed a buy trade on my demo account just under
the 2.34 level, minutes before the UK data release,
and bagged 109 pips… I will not go long this pair
on my live account until the 2.34 has been secured
by a reasonable margin…
Anyone else trading the Kiwi?
Remember that tonight there is NZD CPI data
coming out, and that Syriza is meant to lead the
Greek parliamentarians to vote the new austerity
measures in: at the moment, GBP/NZD is the fastest
mover, with NZD/USD creeping feebly downward and
NZD/JPY resisting further losses (this Yen cross is
very much responding to the temporary risk-positive
move that came from the Greece agreement at the
weekend, which saw the S&P500 bounce back to
the 21,000 level)…,