As scary as it looks; its about time to short and ride this down.
This is the last trade of the month. Next week, I will be traveling, but posting charts along the way in this journal.
This is the last trade of the month. Next week, I will be traveling, but posting charts along the way in this journal.
액티브 트레이드:
Fully Loaded on NZDUSD now. Time for mission control to resume its flight down. I am diversified in other currencies should this trade not work out. I won't lose too much.
코멘트:
코멘트:
Holding on to the short:
액티브 트레이드:
Added to my short position from a higher level. I believe that the New Zealand central bank will lower rates:
코멘트:
Wednesday at 5pm New York time is the central bank decision that I will been watching.
코멘트:
In addition to this added position, I have placed another limit order around 0.7170. My mini-target is 0.7000 by August 10th.- 13th, and 0.68 or 0.67 by September 2016.
코멘트:
NZ Rate Cute:
What to look for:
(1) Dovish Tone and a Rate Cut
(2) Hint from the central bank of further easing and further cuts. The New Zealand central bank could not do it before for fear of fueling and already housing bubble. A strong NZD would hurt demand and knock down tradable goods inflation. Thus, a decline in the New Zealand dollars necessary to keep the economy afloat.
What to look for:
(1) Dovish Tone and a Rate Cut
(2) Hint from the central bank of further easing and further cuts. The New Zealand central bank could not do it before for fear of fueling and already housing bubble. A strong NZD would hurt demand and knock down tradable goods inflation. Thus, a decline in the New Zealand dollars necessary to keep the economy afloat.
Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.
