Nzd usd

[Daytr]

Kiwi has definitely shown some strength during the last week. Could be displaying a top out of the USD.

[Azz]

Kiwi has definitely shown some strength during the last week. Could be displaying a top out of the USD.

Yeh thanks for that genius update.

[beacon]

Could be displaying a top out of the USD.

There is definitely increasing chatter of USD topping out soon, amongst leading US trading desks, but USD has risen against a basket of currencies like Yen, Euro, GBP, AUD etc. in the last month. On the other hand, NZD defied the USD last month. If National wins, I expect we'll settle well north of .62 in the short term.

[stoploss]

There is definitely increasing chatter of USD topping out soon, amongst leading US trading desks, but USD has risen against a basket of currencies like Yen, Euro, GBP, AUD etc. in the last month. On the other hand, NZD defied the USD last month. If National wins, I expect we'll settle well north of .62 in the short term.

Think the market will have a Nat's victory fully priced in by now ...time will tell. Might be a case of Buy the Rumour,Sell the fact ........
Current NZ/USD .5991

[beacon]

Think the market will have a Nat's victory fully priced in by now ...time will tell. Might be a case of Buy the Rumour,Sell the fact ........
Current NZ/USD .5991

Might be, but most people can't see things until they are right in front of their eyes. NZD is oversold, so I doubt Nat victory is priced-in even slightly ...

[beacon]

Might be, but most people can't see things until they are right in front of their eyes. NZD is oversold, so I doubt Nat victory is priced-in even slightly ...

Neither are dairy price improvements of late. Big moo-ve expected as dairy futures point to another gain at GDT auction
https://www.nzherald.co.nz/business/...A753ZL7O4WTJY/

[stoploss]

Might be, but most people can't see things until they are right in front of their eyes. NZD is oversold, so I doubt Nat victory is priced-in even slightly ...

Beacon , are you ready to concede the market had this priced in ?
No manner of talking it up by you is going to move the market .

[beacon]

Beacon , are you ready to concede the market had this priced in ?

No, National victory has not been priced in at all - in fact, yesterday's market action could even be construed as market disliking/ disapproving of National win.

None of all the other good news that's been happening, has been price in either IMO. What you see is momentum from yield increase in long-dated US securities...
Some pretty big moves in benchmark bond rates globally, courtesy of "higher for longer" sinking in...
5-year Treasury moved as high as 4.937%, its top level since 2007.
10-year Treasury yield breaks above 4.9% for the first time since 2007 https://www.cnbc.com/2023/10/18/us-t...omic-data.html
30-year fixed mortgage rate just hit 8% for the first time since 2000 https://www.cnbc.com/2023/10/18/30-y...ince-2000.html

No manner of talking it up by you is going to move the market .

At least I try. God loves a trier. Have patience... all good things come to those who wait