Fundamentals:- The improved GDP from New Zealand last week really helped the downside in the GBP/NZD pair. Although the GDP figure was good it does not change the fact that CPI in NZ is still very low and the recent rate cut from the RBNZ brings into light the posibility of another in the next meeting. UK CPI is due out next week and expected to be better with a...
The futures market is showing a forcast of a huge increase in price over the next 12 months in the dairy prices which make up 7% of the New Zealands GDP. I am expecting to see an increase in the strength of the NZD over the coming months as it has been the weakest currrency for some time and dropped considerably against most major currencies. I am looking at the...
Learn 2 trade like a PRO - boafx.com - As of yesturdays analysis we did get a pull back but much bigger than we anticipated with the Euro taking on safe haven bids. However we are stating to reject the delining trend line within the rising channel again. It might be worthe waiting for the next candle to make a new low but for those with a bigger risk appetite you...
Learn 2 trade like a PRO for FREE! boafx.com - the Fontera milk auction price was upgrade last week which caused a rally on the NZD You can see the break out of the rising channel on the EURNZD currency pair and the lower highs inside the channel before the breakout. The engulfing candle confirms the downside is underway and I only wish I had seen this at that...