The graph is looking good in a short position for NZD AUD.
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.
You are in a unique position. You can teleport ahead and check where the price will be in the future.
We, on the other hand can only look where the price has been in the past.
I WISH!
I just have a wave of good luck follow by extreme bad luck. So, I make use of the good before it runs out...
The NZD seems to be sliding fast against the Aussie. There is a RBNZ next week tues. Prediction is for 25/50 point cut. NZ economy is in a very bad shape. This is confirmed by BGR latest profit announcement.
Last edited by Dr_Who; 05-09-2008 at 02:26 PM.
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.
Why is the NZD so strong against the AUD? A sudden movement upwards against the AUD.
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.
Why is the NZD so strong against the AUD? A sudden movement upwards against the AUD.
Weakness in Aussie due to commodities woes probably.....
Aussie tumbles to 1-yr lows on commodities sell-off
* Aussie falls as commodities slide on global growth outlook
* Aussie also at 5-month lows vs yen on risk aversion
* Second-quarter GDP adds to Aussie's woes
Weak commodities should also affect the NZ economy. Also we have the RB with a possible 50 point cut in Oct.
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.
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.
I think it was heading that way already and got slightly blown off course after our rate cut last week, now it's just getting back the business it was already upto before the RBNZ rate decision.
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Originally Posted by arco
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