Nzd.usd

[Balance]

I just went long NZDUSD today on China export numbers that is very positive.

Only playing with a very small amount, cos I am not doing much on the equities market.

Good call!

[peat]

yes you did well Dr. no more complaining about how you never do well at forex, that was impeccable timing
Are you going to cut and run yet ?

[Dr_Who]

yes you did well Dr. no more complaining about how you never do well at forex, that was impeccable timing
Are you going to cut and run yet ?

This market makes me very nervous and I assume it will continue to be volatile for while yet. So, a profit is a profit.

[peat]

I'm not trading this week (exams) but noticed this in the Herald today

"The market's given the kiwi a boost since the Reserve Bank raised rates on Thursday - you've got to say it's been supportive for the currency," said Tim Kelleher, vice president of institutional banking and markets at Commonwealth Bank of Australia.
Weak retail sales data is expected today, and if the figures fall short of expectations, "the kiwi's going to get bashed," he said.

Interesting to see what happens , these guys always have strong opinions but only sometimes get it right.

[roddy]

Hi Belgarion,
i am expecting upward movement in both the aud and NZD,hopefully this pattern might morph into something
as i am going to trade the D leg oh and BTW Pete good luck for your exams this week

cheers Roddy

[peat]

hey thanks Roddy! 3 to go. one each afternoon , man they are gruelling.

[Dr_Who]

Peat, go short on NZD/USD due to China further tightening and falling property prices?

[Pumice]

Portugal downgraded 2 notches aswell.

[dragonz]

Anyone else on to this?

[peat]

rising wedge?