After a slide through the Asian session, the pair is back to where it was at the start of the week…
Looking into next week, there is plenty of risk event to
provide the Kiwi with make-or-break potential:
Monday: NZ Labour Day (no trading)… but…
Tuesday: NZ trade balance (imports vs. exports);
AND …UK GDP…
Wednesday: US Fed Rate decision …AND…
RBNZ rate decision!!
Plenty of volatility around for GBP/USD, NZD/USD, and GBP/NZD.
Now let’s hope it can maintain the move for a couple of weeks.
Indeed!
[B]Hello Kiwi traders!
After a day off due to New Zealand’s Labour Day, the Kiwi returned to trading this evening (by European hours) and at 9.45pm GMT we had the New Zealand trade balance showing a disappointment to forecast exports, and a greater-than-expected level of imports: this had the NZD/USD dive on the five-minute candle from the news release time, and the GBP/NZD rally also within the first five minutes of the news; however, GBP/NZD’s rally, which spanned about a hundred pips, was short lived, and the pair was unable to remain above 2.27 in the following quarter of an hour.
[/B]
GBP/NZD…
sub-2.26, following weak British GDP figures at 9.30am (GMT).
Strategy: more waiting
(those Buddha thighs are developing beautifully)…
:32:
Sam Coventry releases another great article today
on the Kiwi Dollar and GBP/NZD:
[B]http://www.poundsterlinglive.com/nzd/2794-stable-nz-dollar-predicted-45435[/B]
This move has no other explanation
in the context of today’s calendar,
except as a forward-looking
positioning, three hours ahead of
the Fed’s/Fomc’s rate decision, and
five hours ahead of the Rbnz’s one.
Flat and could be for a while yet, Confusion is ruling the markets and the fight to be the weakest currency is playing with fundammentals
Stuck around 2.2950, if it breaks thru the next strong resistance level is 2.33
Will it or won’t it (break)? Let’s play …
the Wheeler of Fortune
Haha
GBP/NZD flares out a 250-pip doji with almost no body…
Official Cash Rate is held at 2.75% by the RBNZ…
Here is what Gov. Wheeler has been saying:
All the good work done during the Fed
rate decision tonight (big blue candle on the left)
was undone by the RBNZ rate decision, also tonight
(series of red candles on the right)…
:mad:
Hello traders!
How is everyone?
GBP/NZD heading towards 2.31, with today’s bullish candle spanning about 300-350 pips…
It seems that the second bearish Global Dairy Trade auction (today; the last one being on
20th October) really pushed the Kiwi down…
Tonight: New Zealand unemployment rate, forecast to be higher by 0.1% … Who knows…
Wait and see…
Voume on today’s NZD/USD bearish candle looks proportionate to candle body, standing
(FXCM Real Volume (retail)) at nearly 700m units: this push below 0.67, after a trading fortnight
above it, could be genuine, but certainly the follow-through is what we need…
Equally, the move in GBP/NZD above 2.30 must be verified, although on the 4h chart this pair
has been making higher highs and higher lows, as per chart below…(although the daily chart still
shows a pair well below the 100-day simple moving average, standing now around the 2.35 level):
GBPNZD heading up to the 2.3500 handle next? What do you think?
