Ashraf is talking about upcoming strength in USD by reinforcing individual strength against EUR and Commodities, which are generally valued in US$ terms...
magister, I did the same thing...I longed AUD, thinking NZD is the weakest economy after EUR area and GBP...but then I swapped my position...Now I am shorting AUD lets see if this turns around after hitting 1.3030, like Ashraf mentioned
By the way, NZD has declining # of visitors last month, money supply, and credit availability. Above all it has lower interest rate compare to AUD (carry trade!!!)..hence, I think we need huge risk aversion play to reverse the trend in AUD/NZD
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(11 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(11 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(11 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (11 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (11 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (11 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(11 months ago)
By the way, NZD has declining # of visitors last month, money supply, and credit availability. Above all it has lower interest rate compare to AUD (carry trade!!!)..hence, I think we need huge risk aversion play to reverse the trend in AUD/NZD
Dharmin