Comments on: NZD the main mover for 2nd successive day https://fxww.com/nzd-the-main-mover-for-2nd-successive-day/ The Professional Source Thu, 21 Feb 2013 03:17:27 +0000 hourly 1 By: Sean Lee https://fxww.com/nzd-the-main-mover-for-2nd-successive-day/#comment-16373 Thu, 21 Feb 2013 03:17:27 +0000 http://fxww.dreamhosters.com/?p=5667#comment-16373 oops thanks Mike, that is also something which will hopefully improve on new site- more bank links

]]> By: mike https://fxww.com/nzd-the-main-mover-for-2nd-successive-day/#comment-16369 Thu, 21 Feb 2013 03:07:53 +0000 http://fxww.dreamhosters.com/?p=5667#comment-16369 great stuff, thank you Rich.

p.s Hope Sean could catch up a bit, the bank piece in member section is still 2 weeks ago. HAHA

]]> By: Sean Lee https://fxww.com/nzd-the-main-mover-for-2nd-successive-day/#comment-16359 Thu, 21 Feb 2013 01:19:51 +0000 http://fxww.dreamhosters.com/?p=5667#comment-16359 Great stuff, thanks Rich

]]> By: Rich https://fxww.com/nzd-the-main-mover-for-2nd-successive-day/#comment-16358 Thu, 21 Feb 2013 01:15:16 +0000 http://fxww.dreamhosters.com/?p=5667#comment-16358 More reading on RBNZ yesterday:
https://www.research.hsbc.com/midas/Res/RDV?p=pdf&$sessionid$=NSejbXQoE-hWEvxQo_4MSx8&key=1ydAR9YJb6&n=361385.PDF

]]> By: Sean Lee https://fxww.com/nzd-the-main-mover-for-2nd-successive-day/#comment-16309 Wed, 20 Feb 2013 06:39:54 +0000 http://fxww.dreamhosters.com/?p=5667#comment-16309 Hi Marco, I think the AUD/USD is a sell somewhere so I agree, maybe sell at 10360 with tight stop 10380 then try again 10430ish again with tight stop? That’s how I like to approach it, probe with small risk until a trade starts to develop

]]> By: Marco https://fxww.com/nzd-the-main-mover-for-2nd-successive-day/#comment-16303 Wed, 20 Feb 2013 05:34:41 +0000 http://fxww.dreamhosters.com/?p=5667#comment-16303 Sean, whats your view on the AUD? I know its ranging, a good sell now with a tight 15 pip stop above the recent high around 10380?
Any news of more institutions selling? Seems to be climbing upwards again.

]]> By: mike https://fxww.com/nzd-the-main-mover-for-2nd-successive-day/#comment-16300 Wed, 20 Feb 2013 05:24:57 +0000 http://fxww.dreamhosters.com/?p=5667#comment-16300 Thank you, Rich.

This site is becoming more and more informative…

]]> By: Sean Lee https://fxww.com/nzd-the-main-mover-for-2nd-successive-day/#comment-16298 Wed, 20 Feb 2013 05:11:48 +0000 http://fxww.dreamhosters.com/?p=5667#comment-16298 Good info, thanks Rich

]]> By: Rich https://fxww.com/nzd-the-main-mover-for-2nd-successive-day/#comment-16295 Wed, 20 Feb 2013 05:00:49 +0000 http://fxww.dreamhosters.com/?p=5667#comment-16295 Here’s a couple of pieces of interesting background docs for your readers Sean…
http://www.rbnz.govt.nz/research/bulletin/2002_2006/2005mar68_1eckholdhunt.pdf
http://nzier.org.nz/publications/use-macro-prudential-tools-to-improve-inflation-targeting-nzier-insight-39

]]> By: Rich https://fxww.com/nzd-the-main-mover-for-2nd-successive-day/#comment-16294 Wed, 20 Feb 2013 04:57:05 +0000 http://fxww.dreamhosters.com/?p=5667#comment-16294 But like I say, with some targeted macroprudential measures they can potentially have lower for long rates and stem the ongoing demand for NZD from several sources…

]]> By: Rich https://fxww.com/nzd-the-main-mover-for-2nd-successive-day/#comment-16293 Wed, 20 Feb 2013 04:53:09 +0000 http://fxww.dreamhosters.com/?p=5667#comment-16293 Yes thats right Sean…RBNZ won’t intervene right here and now as they have 4 criteria for FX intervention of which only 2 are currently met I believe… just as an aside the RBNZ have been slowly selling NZD in small amounts over the past 2-3 months from circa the 8320 lvl all the way up – not enough to be meaningful, but nonetheless and interesting piece of info

]]> By: Sean Lee https://fxww.com/nzd-the-main-mover-for-2nd-successive-day/#comment-16292 Wed, 20 Feb 2013 04:44:52 +0000 http://fxww.dreamhosters.com/?p=5667#comment-16292 Thanks Rich, there is a limit to the effectiveness of what the RBNZ can do especially if the other big ccys are trying to devalue. Then the small currencies have little hope.

]]> By: Nooz https://fxww.com/nzd-the-main-mover-for-2nd-successive-day/#comment-16291 Wed, 20 Feb 2013 04:41:36 +0000 http://fxww.dreamhosters.com/?p=5667#comment-16291 In reply to Nachiket.

Yeah, surprising how little the kiwi fell on such a big headline. Retest of lower levels looks likely though.

]]> By: Rich https://fxww.com/nzd-the-main-mover-for-2nd-successive-day/#comment-16290 Wed, 20 Feb 2013 04:36:11 +0000 http://fxww.dreamhosters.com/?p=5667#comment-16290 I don’t think NZD goes to 9000… sure intervention has its limitations, but I think one of the key takeaways from Wheelers speech today was the ‘Macroprudential measures’ comment. That may take the form of an increase in the Core Funding ratio, changes in the LTV rates banks can lend out at, or possibly even foreign ownership laws… The RBNZ is stuck between a rock and a hard place currently in terms of its MP framework.. the NZ economy could use lower rates, but the risk is that fuels an already overheated Auckland property market – with changes in CFRs, LTV ratios or foreign ownership laws they can slow Auckland whilst keeping a low or lower OCR)

]]> By: Nachiket https://fxww.com/nzd-the-main-mover-for-2nd-successive-day/#comment-16286 Wed, 20 Feb 2013 04:21:07 +0000 http://fxww.dreamhosters.com/?p=5667#comment-16286 NZD will continue to rise because china is investing a lot in kiwi and I don’t see any reason why their currency should not be at 0.9000 if the aussie is at 1.0360

]]> By: peter https://fxww.com/nzd-the-main-mover-for-2nd-successive-day/#comment-16285 Wed, 20 Feb 2013 04:10:53 +0000 http://fxww.dreamhosters.com/?p=5667#comment-16285 im not in a nzd pos btw, just dont make no sense lol

]]> By: Nachiket https://fxww.com/nzd-the-main-mover-for-2nd-successive-day/#comment-16284 Wed, 20 Feb 2013 04:10:40 +0000 http://fxww.dreamhosters.com/?p=5667#comment-16284 the bottomline is even if they speak they cannot cause more than 50 pip fall in this pair. It is too strong and we are set for 0.8600 on this pair

]]> By: peter https://fxww.com/nzd-the-main-mover-for-2nd-successive-day/#comment-16283 Wed, 20 Feb 2013 04:10:22 +0000 http://fxww.dreamhosters.com/?p=5667#comment-16283 why was key pumping the benefits of a high NZD yesterday then???ur wtf make up you mind

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