Comments on: Looking to re-enter USD/CAD shorts and buy NZD/USD dip

By: Sean Lee

Sean Lee — Thu, 31 Jul 2014 05:24:25 +0000

Hi James. Certainly EUR/NZD shgould be worth selling somewhere when resistance lvls are proven? Sorry I haven’t been following it closely ehought to have a strong view. I’m still wary of selling GBP, prefer play EUR.
Yep agree on CAD, now try to get timing right

By: James

James — Thu, 31 Jul 2014 04:16:29 +0000

Hope you feel better Sean.

I agree with your analysis. Market is overly bullish the USD despite the mixed data out of US and neutral to Dovish Fed. Probably USD is putting in a high towards month end and giving us the opportunity to short USD at the start of a new month.

Whats your take on selling GBPNZD and EURNZD as both pairs are up against good resistance levels? Are bullish or bearish the AUD?

I don’t really see any reason for the market to sell CAD in last couple of days except the fall in oil prices. CAD data has been improving recently and BOC and turned neutral from extra dovish.

By: Sean Lee

Sean Lee — Wed, 30 Jul 2014 22:11:58 +0000

Thanks Jean and 100% agree. Mkt wants to buy but I think present levels are just too expensive.

By: Jean

Jean — Wed, 30 Jul 2014 12:52:52 +0000

Hope you feel better Sean.

Thanks for your thoughts on USDCAD, exactly what I was thinking. Looks too one-sided, people are looking at last year’s appreciation of USDCAD and panic buying but they should recall the saying: past price action is no indication of future price action! Short bias for me.

By: rhona

rhona — Wed, 30 Jul 2014 08:20:27 +0000

Thought something was up when I din’t see u post earlier..

Hope u feel better!