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08-12-2014, 06:22 PM
#111
As expected, a nice big fat bounce off the primary downtrend line @ 93 cents as stated earlier. Traders must be running scared of Fonterra's pay out in the mid $4's tomorrow. A lot of pain heading the Kiwis way very soon...
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08-12-2014, 07:10 PM
#112
Originally Posted by BFG
As expected, a nice big fat bounce off the primary downtrend line @ 93 cents as stated earlier. Traders must be running scared of Fonterra's pay out in the mid $4's tomorrow. A lot of pain heading the Kiwis way very soon...
Are we looking at the same chart?
Why a lot of pain heading the Kiwis way very soon caused by the AUD/NZD?
Last edited by winner69; 08-12-2014 at 09:07 PM.
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08-12-2014, 08:32 PM
#113
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08-12-2014, 09:06 PM
#114
Originally Posted by Hoop
Think BFG must have got confused with the NZD/USD .... which I agree looks a bit sad
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08-12-2014, 10:36 PM
#115
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08-12-2014, 10:59 PM
#116
Originally Posted by winner69
Are we looking at the same chart?
Why a lot of pain heading the Kiwis way very soon caused by the AUD/NZD?
Winner. Triple whammy up imho.
1) absolute slaughter on the farmgate price of dairy up tomorrow from Fonterra.
2) RBNz confirms no rate rises on Thursday, with no more hikes on the horizon, a possible loosening next year and even tighter LVRs to manage the housing bubble.
3) Next week Bill English announces a deficit in the Budget, not a surplus as always expcted.
As I said, a lot of pain ahead as reality hits home...
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08-12-2014, 11:05 PM
#117
Originally Posted by BFG
Winner. Triple whammy up imho.
1) absolute slaughter on the farmgate price of dairy up tomorrow from Fonterra.
2) RBNz confirms no rate rises on Thursday, with no more hikes on the horizon, a possible loosening next year and even tighter LVRs to manage the housing bubble.
3) Next week Bill English announces a deficit in the Budget, not a surplus as always expcted.
As I said, a lot of pain ahead as reality hits home...
True but equally as much pain across the Tasman ....they are closer to a rate cut than we are ......I still believe Kiwi will outperform AUD over the next year
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08-12-2014, 11:31 PM
#118
Good old currency wars eh?
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08-12-2014, 11:36 PM
#119
Originally Posted by BFG
Good old currency wars eh?
At least we're not printing the stuff ....
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09-12-2014, 08:59 PM
#120
This guy probably got it right
http://www.interest.co.nz/currencies...at-expect-2015
By Gareth Vaughan
.........New Zealand dollar down to US70 cents ........Kiwi dollar may head above 95 Australian cents next year.
This is the AUD/NZD thread ......good news I reckon
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