Nzd.usd

[macduffy]

Interesting article here on what's driving the AUD. A few clues relevant to the NZD, given our close correlation to AUD.

http://www.businessspectator.com.au/...apt=commentary

[Fudosan]

From your businessspectator.com.au article.

For over three decades Australia has persistently run a current account deficit, averaging close to 4 per cent of GDP over the period.

We are not much better. Since 1974 NZ's current account has always been in the red, because even in good years any trade surplus is overwhelmed by the enormous interest and dividend payment.

[Pumice]

NZD (&AUD) looking heavy, Will add to my shorts with a break of .8180 (apparently a few SL orders at that level)
Anyone else catching any of this?

[dumbass]

maybe something significant happening to the downside in the aud.
there is a trendline up there at 1.06 , with a potential double top, dailies posted a bearish evening star and some fib lines too.
like i said before the world is short the usd so plenty of fuel for a good run south .
could QE3 be old news, 2 short trades on for 400+
i suspect with a lot of upperward momentum there may be a few more twists but lets see .
Attachment 4134

Still riding this one ."patience grasshopper"

[Pumice]

The NZD is a resilient beast isn’t it. Particularly given EUR, AUD and Gold’s weakness (or USD strength; however you want to view it)
How’s everyone’s trading going? Any trade setup ideas out there?

[Pumice]

7.3% unemployment rate, that’s a shocker NZ!!
NZD down almost 1c

[dragonz]

Anybody having trouble logging into IG markets this morning?

[Pumice]

Anyone out there in FX land know why the TRY just spiked 100 pips against the Yen while no other yen cross moved?
seems odd. hard to find any news.

Have been loving Shinzo abe. have an ave TRY/JPY position of 45.60
Over 1000 pips of unrealised gains.
Not selling these trades as the carry provides me with $14 a day.

Best trade I have ever had! targeting 85.

Any one else profit from JPY carry trade?

[Valuegrowth]

New Zealanddollar could fall to a level not seen in about three years in the next few months.

I believe NZ dollar will go down sharply due to new development. It is overpriced by 45% against USD. During last couple of years it has appreciated by more than 50% against some Asian currencies. Now this cycle has reversed and NZD will go down not only against USD but also against some Asian currencies. I cannot understand reason behind appreciation of NZD. May be some carry traders including speculators must have parked their money in NZD. Now one by one currency players are unwinding their positions in both AUD and NZD. When everybody tries to take out of money from both AUD and NZD these currencies can tumble to the one of the lowest levels.

Now analysts including global banking analysts are revising their year endtarget and target in 2014 for NZD.

http://www.bloomberg.com/news/2013-0...urrencies.html

Wheeler’s Peashooter Finds Its Mark as Kiwi Slumps: Currencies

http://www.nzherald.co.nz/business/n...ectid=10889664

Skids go under kiwi dollar - may fall further

http://www.fxstreet.com/news/forex-n...1-91395e7ab788

NZD/USD continues bear trend

Lower NZD will benefit some sectors in the economy and NZ economy will become one of the strongest economies in the world in the long run.

In short NZD dollar has entered a multi-year bear cycle and the dollar(USD) has entered a multi-year bull cycle. However there can be dead cat bounce for NZD time to time. Intermediate trend for NZD is down now.

My ideas are not a recommendation to either buy or sell any security orcurrency. Please do your own research prior to making any investment decisions.Please note that I do not endorse or take responsibility for material in theabove hyper-linked sites.

[Valuegrowth]

http://www.nzherald.co.nz/business/n...ectid=10891827

Kiwi dollar drops sharply on GDP, Fed news