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
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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 (2 years ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (2 years ago)
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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(2 years ago)
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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