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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3119
Forum Topic:

Commodity FX (CAD AUD NZD NOK)

Discuss Commodity FX (CAD AUD NZD NOK)
 
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jacek
Melbourne, Australia
Posts: 2579
13 years ago
Apr 18, 2011 8:24
if this large wedge breaks and aussie goes below 1.0520.. we might see 1.0480 very quickly followd by 1440.. and more.. need to watch it very closely now..
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Apr 18, 2011 8:10
wow! here she goes.. going for a ride down in aussie..
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Apr 18, 2011 7:31
need to watch this current level of 1.055 is Aussie closely (mentioned by Ashraf earlier)!.. if it breaks then here we go for another 100+ pips.. stop loss moved to break even at 1.057 now..
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Apr 18, 2011 7:14
KIWI WAS HIT BY NEW ZEALAND CPI came in slightly below expectations sending the Kiwi to its biggest fall in 4 weeks on speculation that the RBNZ will continue to hold rates in the wake of the Christchurch earthquake. The Kiwi dropped back from double and psychological resistance around the 0.8000 level (just above the 5-day MA), with upside seen capped at the immediate resistance of 0.8050top of the daily Bollinger band.

We learn from MNI FX Bullets (service to be made available to our Premium Service subscribers later this month) RBNZ will providing incentives to NZ businesses to settle transactions with Chinese businesses in RMB via a reciprocal RMB25 billion currency swap line with the People's Bank of China. The facility would in essence, give the RBNZ the capacity to borrow in RMB during financial market disruptions and low liquidity.

By KM - AshrafLaidi.com Staff
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Apr 18, 2011 6:35
How long can aussie defy gravity? Tempted to short here with stop just above 1.06 for 1.04ish..
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Apr 18, 2011 3:54
AUDNZD up almost 100pips this morning on NZ inflation news!?.. looking forward to at least another 70pips with 30-40pip trailing stop..
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Apr 18, 2011 0:34
Ashraf, thanks for the update.. NZD falling like a rock this morning though.. perhaps time for AUDNZD long?..
Ashraf Laidi
UK
Posted Anonymously
13 years ago
Apr 18, 2011 0:22
Westpac's take on latest CHina hike - MNI FX Bullets

AUSTRALIA: Westpac sees China's Sunday rate rise announcement curbing risk
sentiment initially but believes Aussie's upward momentum remains intact.
If pair breaks below 1.0550, it would warn of deeper move to 1.0450. In
case of New Zealand dollar, a move below 0.7975 would only mean delay to a
rise to the 0.8213 record high, says Westpac. Both currencies opened just
off overnight levels with Aussie at 1.0563 and NZD at 0.7997.


Ashraf
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Apr 18, 2011 0:19
MNI FX Bullet's take on the latest NZ CPI

NEW ZEALAND: Inflation rose 0.8% in the March quarter to reach
4.5% for the year, according to the Consumer Price Index released by
Statistics New Zealand today. Consensus forecast was for a quarterly
rise of 1% to take annual CPI inflation to 4.7%. The main contributor to
inflation was transport due to high petrol and diesel prices. Also the
excise tax on tobacco was raised to 9.4 percent.


Ashraf
bigBaby
Singapore
Posted Anonymously
13 years ago
Apr 15, 2011 23:04
DaveO, the setup you recommended for the NZD is probably the safest way. Remember reading that some where. But couldnt recall it enough before entering into the trade.

I think it is high time I made a physical checklist rather than relying on intuition and memory.

Or else I realise that I am just shooting from the hips when actually the market sees me as a sitting duck.

But I am afraid that my list will be so long that I will hardly be entering into any trades.

So I still prefer this baptism by fire than some dummy account trades while learning the ropes.

After a long period of denial I finally witness a hint today from EWI acknowldeging that the precious metals' upward trend wont be waning any time soon. Hooray.
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