I am thinking of shorting NZD against the AUD at around 81.5. Whats your view DA?
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.
NZD have recently rallied against the AUD. I am thinking that NZD may weaken coming towards and into the sept 11 rates cut announcement.
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.
logically one would expect a pull back. after such a sharp move up to 82c
AUD/USD fall has been too hard...
I'd expect the RBNZ to be pretty bearish on the NZ economy and signal more rate cuts on the way.
RBA GDP data today will be key for setting the move in the next week , follow that up with another rate cut on the kiwi and we may be heading back to retest 77.50
break above 82.40 would veto all of the above.
“If you're worried about falling off the bike, you’d never get on.”
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.
Bookmarks