lol 35 cents... yeh right... your housing bubble will definitely not come to fruition, as houses for offshore buyers will be damn cheap!
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lol 35 cents... yeh right... your housing bubble will definitely not come to fruition, as houses for offshore buyers will be damn cheap!
Sorry Dear Peat
I made a mistake. Please see my new update.
My year end target for NZD was one NZD equals to 0.60 cents of USD. Now I believe it can reach 0.55 or below that level.We should see further weakness in NZD in 2016 and 2017 as well due to rising interest in the USA. 2017/18 should become very bullish period for USD.
My ideas are not a recommendation to either buy or sell any security, commodity, property or currency. Please do your own research prior to making any investment decisions.
China PMI well below expectations. That'll take the AUS, NZD, commodities down with it.
NZD breaks .6500
.6477 as I type. Strong downtrend continues.
Huge jump in the dairy price overnight up a whopping 19%! Seems like a short covering rally when you get that sort of move.
I almost went long the Kiwi at 0.6520ish, but don't like trading against a trend.
In saying that I'm surprised the Kiwi didn't rally more after the dairy auction
62c. EURNZD moved almost 7.5% from 1.74 to 1.87.
Cool.
I'm back in - long against both the USD, JPY and EUR. With US Equity market futures opening higher for tomorrow, anything under .645 NZD/USD, 76.25 NZD/JPY or over 1.80 EUR/NZD is fine with me.
Also expecting a bounce for both the AUD and CAD against most other currencies (CAD of course has followed the price of oil). As I write this the AUD is lifting against the USD but usually pivots more substantially closer to midday, and so I wait...
Today's (3pm) announcement on our inflation expectations may drag the NZD a bit - we'll see.
its looks like all the markets experienced a bit of a flash crash last night - I'm seeing all massive hammers , with huge ranges on some platforms (500 pips)and merely quite large (200) in others. hammers are usually bullish, but certainly not always, and ideally entry points are at the lower range of the tail.