True dat. I’m barely watching things today. Nearly went for a GBP/AUD short before lunch but been a good week and Friday afternoons can be a bit funny sometimes so stayed out. Think I’m just going to watch things until Monday.
Wise 
FOMC rate decision next week may bring some spark back into these markets
[QUOTE=“PipMeHappy;752813”]Yes, pretty pathetic today, really…the algos quickly sucked any volatility left from the ECB event yesterday and today nothing is really moving… What a bore… :S[/QUOTE]
A mega bore! I’ve got a day off sitting in an airport & then a train later on, I was hoping to get some decent chart time. It would appear like that won’t be the case.
Thankfully I preloaded my SkyGo app with downloads & also have NetFlix to tide me over. I’ll keep an eye on the charts but there’s not much presenting itself.
Oh well, if you are ever in my neck of the woods then you must let me know and I can buy you a drink - we can chat about trading and life!
The next time that I’m down in the bright, colourful & joy inducing Granite City, I shall give you a shout. I would have done anyway but the offer of being bought a drink just makes it the cherry on top.
I’ve never really discussed trading with anyone that actually understands what I’m talking about so the experience is something I look forward to.
Wonderful!
Bring a tablet or laptop and we can bring up some charts and talk shop
We had a nice bullish move off the rate cut last week but it has since milled a bit. The 15mins chart is starting to show some upwards action.
Breaking out of this wee range would be nice, more so for me if it was to the upside 
2.15 is still where I think the tables “should” turn & the Bulls should show some strength. I say should as nothing is written in stone; price knows no master.
[QUOTE=“yohec;753225”]The 2.1500 resistance is going to be tough to break. I can’t see taking a long any time soon. <img src=“301 Moved Permanently”/>[/QUOTE]
Agreed, it’s not going to be an easy break but it would be an important break; it would be the first step towards a higher high.
Short term, there’s potential for short positions from 2.15 as it bounces & I expect it to retest the level a few times as well so there’s longs back up. Personally, I expect the bearish technical structure to be broken in the coming couple of weeks.
Horrible business, this pair, awaiting the FOMC rate decision…
Just look at this, it is a butcher shop (as in 'chop chop chop)!!
RBNZ governors speech in 5 hours. Just gone long GbpNzd at 2.1411
Yes, I have it in my diary but I would not think it will make any blind bit of difference after the market
(and the press) squeezed every drop of forward guidance out of Wheeler last week during his
post-rate-decision press conference…
Plus, today’s conference is not public…
Just saying 
Nothing is being reported about this speech and there
seems to be zero reaction in Kiwi pairs to whatever
Wheeler may be saying!
GLOBAL DAIRY TRADE auction:
12-2pm (UCT) in Auckland.
The forecast seems to be for another rise,
but the overall picture for farmers (after Fonterra’s
announcement last week) is not positive; Amy Forde
explains:
Short to 2.13. Long back to what I expect to be at least 2.14 (ties in with 61.8% Fib).
I’m back to work tomorrow so that will be me done with the shorter term trades, 12hr shifts aren’t the best for it. It’s been a very successful week or so though.
That was the Kiwi’s reaction… I was reading
predictions (based on dairy futures) of +7%, yet
this was the result:
This dairy recovery is just not there…
The Kiwi has very little to do now but
to drop, and RBNZ may have to slash
rates again to help the currency achieving
this…
While the Kiwi drop continues, with plenty of volume behind it, and presses onto 0.66, our friend GBP/NZD wasted no time capitalising on this move, as you can see below:
Likewise NzdUsd, I was on the right side of both
feeling good
Whats not to love about trading these pairs.
GbpNzd dropped 180 pips between 9.00am and 11.00am, trundles along, then recovers back to 9.00am levels in 20 minutes