NZD retail sales - Page 2
Page 2 of 738 FirstFirst 1234 ... LastLast
Results 11 to 20 of 373

Thread: NZD retail sales

  1. #11
    Recent comments from the NZ Minister of Finance indie that NZ thinks it is currency is overvalued. The overvaluation is quite detremental to their exports-which is roughly 30% of the GDP.

    I have burned with this report last time, when everybody was expecting a nice positive number-it went the other way. My view? The gov't will be putting out some numbers that are misleading in an effort to drive down the Kiwi. I think that they're gonna do it .

    I am not telling you how to trade this way, but here's what I am doing:

    I will take a brief position, with a long entrance (limit order) for 2x the lots. If the report goes the other way, my brief position will get stopped out and I'll be in a long position.

    Good Luck

  2. #12
    Quote Originally Posted by ;
    Merlin, there appears to be a issue with FF Calendar's Time.
    Yeah we know about this dilemma. This calendar's version must repair it. The issue is that when we shift the timezones for dst, the events in the past will shift to the time that is incorrect. This is unavoidable with the current system (so im told!) . We had to sacrafice the times before to be times in the future were correct.

  3. #13
    Quite Clever News! What is your exit egy?


    Quote Originally Posted by ;
    Recent comments from the NZ Minister of Finance indie that NZ believes it's currency is way overvalued. The overvaluation is detremental to their exports-which is roughly 30 percent of their GDP.

    I got burned on this report last time, when everyone was expecting a nice positive number-it went the other way. My view? The gov't is currently putting some numbers that are misleading out in a bid to push the Kiwi down. I think that they're gonna do it.

    I'm not telling you to exchange this way, but here's what I'm doing:

    I'm going to take a short position, using a long entrance (limit order) for 2x the lots. If the report does go the other way, my short place will get stopped out and I'll maintain a long position.

    Great Luck

  4. #14
    Quote Originally Posted by ;
    I was not convinced of itcause if I look at other news in the past, using exactly the same GMT 1 alternative, times aren't accurate. I mean nonfarm in 1.30 rather than 2.30. Something has gone wrong with the host change in combination with the new moment?
    No it doesn't have anything to do with the new server. Dont depend on the times in the past, they're wrong as explained previously. That the current/future times are right so that you may depend on that. We didnt actually construct the calendar for a historical reference, so we failed to create this feature to fix occasions in the past. sorry for the confusion!

  5. #15
    I visit from Burger's historical charts that last month in the time of the Retail report the NZD/USD was priced in the same level it is today.

  6. #16
    Just for your reference~

    That is a egy I purchased from my broker...




    Look to sell NZD/USD on remaining strength

    The NZD/USD (Kiwi) has gained from the highest nominal interest rates among the major traded currency pairs for many decades now, together with benchmark interest rates at 7.25% vs. the 5.25percent Fed Funds rate or the 3.25percent (soon to be 3.50%) ECB base rate. However, the Finance Ministry and the RBNZ have been extremely critical of Kiwi strength that was persistent. Fin. Min. Cullen and RBNZ Gov. Bollard have indied their taste to the NZD to move lower. Really, their comments are responsible for its declines in NZD but the yield managed to restore demand in each case.

    Fin. Min. Cullen first noticed that his taste for Kiwi to weaken on Sept. 26 (9/27 in Wellington), sending Kiwi plunging by over 150 points in a matter of hours. Kiwi drifted backward for many weeks until it started to move higher. Again, comments from Fin. Min. Cullen on Oct. 23, implying that carry-trade speculation in NZD was extremely risky in light of previous history, delivered Kiwi down 150 points during the next few days. This movement lower broke the long-term daily upchannel to find prices regain the trend-channel in subsequent days. NZD/USD subsequently went on to earn a little new high at 67.50/55 relative to the former high at 67.20/25. Looking at the full-scale chart belowwe could see a bearish momentum divergence developed following the very first comments in the end of Sept., where MACD readings continued to drop while prices made further gains. The wave looks to get shifted lesser again in recent times, together with all the key daily upchannel support being broken yet again, MACD declared its course lower, and also a double top is now evident at 0.6720/30. The moving average appears to be providing support for the time being, although the moving average is behaving as a short-term pivot.

    This weeks egy looks to acquire short NZD/USD (currently 0.6605) on remaining strength in anticipation of a bigger movement south. The egy looks to sell 50% of a short NZD position at 0.6650, which is just below daily trendline resistance drawn off the highs because 11/3 and currently at 0.6660/70 and falling. Look to sell the remaining 50% on further strength to 0.6710 when seen, which is just under the broken key daily upchannel, now resistance in 0.6720. If both positions are triggered, the outcome is going to be a short position with a mean of 0.6680. A loss of daily support attracted off recent highs at 0.6570 is very likely to find prices move straight lower. If shorts are triggered, seem to take profit for 50% at 0.6450, just above the 38.2% Fibonacci retracement of the upmove and 50% at 0.6350, just before the 50% Fibonacci retracement in 0.6343. Stop loss on the shorts ought to be loed in 0.6760, above recent highs, risking 80 points overall. Stops should be corrected lower on a daily close below 0.6560, which will constitute a fracture of recent trendline support.

  7. #17
    Quote Originally Posted by ;
    I will have a brief position, using a long entry (limit order) to get 2x the lots. If the report goes another way, my position will get stopped out and I will be in a long position.
    Limit Order? Or Cease Order?

    Is this what you've in mind:
    Place a brief Position
    Then place a Cease Buy at entry price x pips of stoploss @ 2 lots?

  8. #18
    Quote Originally Posted by ;
    Quite Clever News! What's your exit egy?
    Should I get profitable in the short position-I'll remain in'till the profit retraces into an unacceptable level. Same thing should I get long. I don't anticipate more then 30-40 pips either way-but u never know...

    Plus I am over 400 pips/profit in the past several weeks. . .so I can do so using a position and not get hurt either way.

    As I said, this isn't a egy for everyone-it's a gamble. If you are not in a situation to do something like this. . .then don't do it. And don't trade so that a loss will amount to % of your overall account.

    Don't wager your rent/mortgage/tuition payments on a trade like this.

    Much safer egy is to utilize your news service to get the number and trade so.

  9. #19
    I believe NZD/USD responds to bearish news (as of late) than positive news. So if we get a -0.3 or lesser figure, I'd expect the current low of .6532 minimum to be tested in the next 24-48 hours. There might be a lot of selling if it breaks up the .6584 low.

    A positive t get as much bang for your buck, but nonetheless still worth playingwith.

  10. #20
    The weekly trend line has been broken!

    I really don't see a lot of risk on your egy- News

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.