I'm short because I think it's an assymetric trade.
Positioning FX report shows market participants are EXTREMELY LONG AUD and EXTREMELY SHORT NZD.
RBA have a small space to hike because real rate is 0.15% and RBNZ real rate is -0.85%.
And New Zealand equities are performing better than Aussie equities.
Even economic data surprises are better in NZD than AUD.
NOT INVESTMENT ADVICE.
Positioning FX report shows market participants are EXTREMELY LONG AUD and EXTREMELY SHORT NZD.
RBA have a small space to hike because real rate is 0.15% and RBNZ real rate is -0.85%.
And New Zealand equities are performing better than Aussie equities.
Even economic data surprises are better in NZD than AUD.
NOT INVESTMENT ADVICE.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.