Peterma,
I checked…it is still going ahead on the 14th,
as planned. For proof, I have attached a screenshot
of the BoE’s official calendar…
Cheers.
Well, good morning!
The pair violated the 2.20 hold this morning:
This move was caused by a slight lift in NZD/USD,
but nothing else:
Good morning, Kiwi peeps!!
GBP/NZD going strong this morning, challenging again that 2.23 level for the second time since Monday:
Anyone else waiting for 2.257 to see what happens at the 50% retrace of the 18Nov to 31Dec move ? Barring any major China news and a fair Dairy Auction I will be looking to jump short there I think
Hi Kev! I hope your trade works out well!
All eyes on COT report later today (for Kiwi positioning) and indeed on Dairy Auction on Monday… El Niño has made its impact felt and is not out of the picture:
Farmers are withstanding conditions well but some are feeling the pinch… All this could impact dairy trade exports negatively…
I agree that the pair is still on a long term down trend since September 2015. But I have also been watching this uptrend on the 4 Hr chart. I think that if it establishes another Higher Low somewhere below 2.2100 then starts going back up, I might risk going long. I would place SL at 2.1900 and TP at 2.2400.
Let’s see what price does over the next few days.
[QUOTE=“UKkev;742689”]Anyone else waiting for 2.257 to see what happens at the 50% retrace of the 18Nov to 31Dec move ? Barring any major China news and a fair Dairy Auction I will be looking to jump short there I think[/QUOTE]
Today would’ve been perfect.
[QUOTE=“ifx10000;743055”]GBP/NZD,Daily <img src=“301 Moved Permanently”/> Think it will hit somewhere on 2.1504 next few days. :)[/QUOTE]
Agreed. And 2.1000 in the coming week or so.
Just posted this on my Balls of Steel thread, but its worth a mention here as well
For Kiwi traders, Tuesday is a big day as it begins with the Dairy Auction for Whole Milk Powder. Also on Tuesday we have China GDP, Retail Sales, and Industrial Production figures coming out. Bad news across these could negatively impact both the Kiwi and the Aud, so keep your eyes on these
Thanks Eddie…
After the market lull today (due to the USA being on holiday for Martin Luther King Day), and after an inconclusive COT report for the Kiwi-Dollar last Friday, we must look ahead to the next four days for some momentum…Here is the news that may carry some direct influence on both Sterling and Kiwi, as Eddie already mentioned (and taken, in my case, from Investing.com):
BoE’s Vlieghe ‘patient’ on rate hike, could back cut if slowdown worsens
For the full story:
BoE’s Vlieghe ‘patient’ on rate hike, could back cut if slowdown worsens By Reuters
Moderate response from Pound pairs to mildly ‘positive’ British figures, although it is only five minutes since
their release and more time is needed to assess the market reaction:
Yet,the NZD/USD was not particularly affected, and
GBP/NZD has broken not only 2.21 but also 2.20 and
2.19 in the last few hours…
GBP/USD is probably the cause of this, as it has dropped below 1.42, making it very close to that January 2009 low and the psychologically important level of 1.40.
Where to from here?
It looks like it is going all the way back to 2.15. Maybe the CPI news coming up in 1 hour can slow it down. But the GBP is getting hammered today. If it breaks below the 2.15 support it could just keep going all the way to 2.10.
Thankfully for bulls, the NZD CPI data just did the job pushing this pair up OVER 250 PIPS in FIVE MINUTES!
After yesterday’s big rally, it is now stuck in a holding pattern trying to decide which direction to go. As volatile as this pair is, it will probably hit both of those extremes in the next few days.
Back
Below
2.20
Even my ‘Buddha Buttocks’ are feeling the strain…
This is…
…exhausting
.
