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Thread: Nzd.usd

  1. #991
    Legend peat's Avatar
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    TBH I dont think you can take that sort of prediction (John Key)seriously - especially not from a traders perspective. its more like an economists prediction which may work for companies putting a hedging programme in place but wont work for traders unless they have very deep pockets (soon to be emptied).
    Also, he really should keep his trap shut on these matters now that he is PM. Its so wrong for him to be jawboning the markets

    ABN Amro suggested in their December newsletter that the Kiwi might go to 48 in 2009 but thought it wouldnt go much lower than that. But yeh this is not useable information for me.
    For clarity, nothing I say is advice....

  2. #992
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    Quote Originally Posted by peat View Post
    . . . Also, he really should keep his trap shut on these matters now that he is PM. Its so wrong for him to be jawboning the markets . . .
    You're dead right about that. I think HC and a few of her ministers learned that lesson.

  3. #993
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    Quote Originally Posted by Dr_Who View Post
    Would have been a nice short at 60 cents. I was close to shorting it, but decided not to after talking to a friend.
    The saying is "Would've, could've, should've, DIDNT!"

    I did try to convince you Dr.

    Getting close to my initial target of .5820 now where I will take some profit and leave some to run.
    For clarity, nothing I say is advice....

  4. #994
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    2/3rd closed 10 pips shy of target at .5830 from sell at .5958
    For clarity, nothing I say is advice....

  5. #995
    Guru Dr_Who's Avatar
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    Should I short NZD today at .5940?
    Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.

  6. #996
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    Quote Originally Posted by Dr_Who View Post
    Should I short NZD today at .5940?
    I would be careful. I'm am not a currency trader but if the USD resumes it's slide lower with any gusto in the weeks ahead, that's likely to drive the AUD and NZD higher short term . . . hope I'm not missing something here but shorting might not work too well. Personally I would stay away from currencies at the moment, too much market risk and volatility. Just my opinion though.
    Last edited by Aussie; 09-01-2009 at 11:02 PM.

  7. #997
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    Quote Originally Posted by Aussie View Post
    I would be careful. I'm am not a currency trader but if the USD resumes it's slide lower with any gusto in the weeks ahead, that's likely to drive the AUD and NZD higher short term . . . hope I'm not missing something here but shorting might not work too well. Personally I would stay away from currencies at the moment, too much market risk and volatility. Just my opinion though.
    I would totally agree.

  8. #998
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    Quote Originally Posted by peat View Post
    2/3rd closed 10 pips shy of target at .5830 from sell at .5958
    closed remaining third at .5798 +160
    Last edited by peat; 13-01-2009 at 09:48 AM.
    For clarity, nothing I say is advice....

  9. #999
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    coming announcements
    For clarity, nothing I say is advice....

  10. #1000
    Guru Dr_Who's Avatar
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    What do you guys think about going long on NZDUSD for a few weeks at around the 52 cent mark?
    Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.

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