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NZD Dollar

NZD is the biggest mover today among the major currencies losing more than 100 pips against most of the majors.
Reserve Bank of New Zealand (RBNZ) revealed that it was considering policies to curb investor activity in the housing market. RBNZ statement said that they have begun a consultation period with the public to seek a viable definition of a property investment loan.
Markets viewed the RBNZ move would likely delay the need for future interest rate hikes, with potential curbs on housing i…
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Davo avatar
Davo 23 fév

Hi mate. I'm new here so I'm not sure if this is the right way to ask you a question. I'm curious about the strategy you posted using a 200 and 10 sma. Do you still use it? Is it successful? You say it works on all TFs but then you specify the 5 min H & D. Is it on all or specifically these 3? Hope you can findthe time to answer. thanks.

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Aussie Dollar Soars as RBA Withholds Rate Cut

The Australian Dollar gained since yesterday, rising more than 0.5 percent on average against its leading counterparts, after the RBA unexpectedly decided not to cut interest rates again at yesterday’s monetary policy meeting.
Economists were expecting a 25bps reduction with the probability of further easing at 60 percent. RBA Governor Glenn Stevens left the door open to future stimulus expansion however, saying the RBA will “assess the case for such action at forthcoming meetings”.
Aussie is …
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GBP pairs continue upward trend

GBP pairs continued their upward journey after a brief pause of few days. After the strong labour market figures of last week, the possibility of a rate hike by Bank of England is an additional trigger pushing the pound higher against all the major currencies. I have already had long positions in GBP/JPY, GBP/AUD and GBP/NZD which are over +150 pips and today I have added a position in GBP/CHF.
Let’s see how far these pairs go.
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GBP pairs jump higher after UK economic data

UK economic data released today showed that the UK labour market is undergoing strong recovery with jobless change numbers at -38K as compared to -25K market expectations. This has provided a trigger for the Sterling Bulls to take all GBP pairs more than 100+ pips higher after the economic figures came out.
I expect to see this momentum continue for 2-3 days ahead. I already have a position in GBP/JPY with 100+ pips and look forward to add few more positions in other GBP pairs.
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AUD/USD in consolidation phase

The Australian Dollar remains range bound in a consolidation phase after making a low of 0.7625 on 02 Feb 2015. Though the long term trend is bearish, we need to wait for signs of exhaustion of the current consolidation phase. Reversal below recent downward support at 0.7875 would be a good sign to enter into a short trade.
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Weekly wrap up

Last week’s interest rate cut by Reserve Bank of Australia has weakened the Aussie Dollar. Long term quantitative easing in Yen is also help pushing GBP/JPY up. Both GBP/AUD and GBP/JPY provided good set up for long trade this week which has resulted in couple of trades closing with 200+ pips. This trend seems to continue in coming week.
Have a lovely weekend.
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GBP marching ahead against Yen and Aussie

Monday was the start of the new competition month. After minor correction in the last few day of November, GBP/JPY and GBP/AUD started their bullish run from Monday. I had a good start to this month’s competition with couple of profitable trades of +100 pips in these pairs. GBP/AUD is showing signs of tiring on hourly charts, while GBP/JPY still looks good for Monday.
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Short term rally in AUD to continue.

Yesterday’s two trades in GBP/AUD and AUD/USD did well. GBP/AUD short trade closed for 200 pips and AUD/USD still in positive with around +60 pips. I think the rally in AUD would continue for 1-2 more days. Hoping for AUD/USD to reach its target of +160 pips.
There was an opportunity for a short trade in GBP/JPY, but couldn’t place the order in time. Tomorrow , will look for short entry in GBP/JPY and GBP/AUD.
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Corrective rally in AUD

I am expecting some strength in AUD for a day or two as I think it has come down a lot in the last few days. I have already placed a short order in GBP/AUD and a long order in AUD/USD. Hope to start the month with winning trades.
Today is the first day of the new contest month. Good luck to all contestants!
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Yen losses to resume

After 4-5 days of yen strength, which was a correction of a long move in most Yen pairs, I think Yen losses will resume. I am betting on all Yen pairs to gain in coming days. I have long trades in GBP/JPY, AUD/JPY and NZD/JPY. Let’s see how it turns out.
Good luck to all the participants for the last day of the September contest.
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