Data releases out of NZ today could determine direction of Nzd crosses
I am long Nzd, and have been since the beginning of the contest,
I am holding a long Nzd/Usd, a long Nzd/Cad and a long Nzd/Chf now,
and have a short Aud/Nzd and a short Gbp/Nzd waiting
At the moment the Nzd is showing a bit of weakness, especially in nzd/Usd
maybe a pullback or concern ahead of the ISM non-manufacturing PMI figures release
due in about an hour - a strong data release may push Usd up - we shall see
This evening a stronger figure is expected in the important Unemployment release figure in NZ,
if my positions are still intact by then - we should see - depending on the strength or weakness of the the figure -
a move that will determine whether Nzd keeps going up - and remains in upward retracement
or breaks below 0.85 again and continues lower
gl all today
I am long Nzd, and have been since the beginning of the contest,
I am holding a long Nzd/Usd, a long Nzd/Cad and a long Nzd/Chf now,
and have a short Aud/Nzd and a short Gbp/Nzd waiting
At the moment the Nzd is showing a bit of weakness, especially in nzd/Usd
maybe a pullback or concern ahead of the ISM non-manufacturing PMI figures release
due in about an hour - a strong data release may push Usd up - we shall see
This evening a stronger figure is expected in the important Unemployment release figure in NZ,
if my positions are still intact by then - we should see - depending on the strength or weakness of the the figure -
a move that will determine whether Nzd keeps going up - and remains in upward retracement
or breaks below 0.85 again and continues lower
gl all today