Comments on: NZD/USD: And speaking of exhaustive moves! https://fxww.com/nzdusd-and-speaking-of-exhaustive-moves/ The Professional Source Tue, 05 Feb 2013 04:31:14 +0000 hourly 1 By: Sean Lee https://fxww.com/nzdusd-and-speaking-of-exhaustive-moves/#comment-15679 Tue, 05 Feb 2013 04:31:14 +0000 http://fxww.dreamhosters.com/?p=5198#comment-15679 That’s a worry for such a small currency like NZD. Same problem here in Oz, government needs to tighten up ownership regulations.
50 years ago countries were worried about being invaded by the communists but now they are being bought by them 🙂

]]> By: KiwiTrader https://fxww.com/nzdusd-and-speaking-of-exhaustive-moves/#comment-15676 Tue, 05 Feb 2013 04:17:01 +0000 http://fxww.dreamhosters.com/?p=5198#comment-15676 If you get a moment read these to get an idea of the scale of the problem in the housing market:

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10848593

http://www.interest.co.nz/opinion/60108/fridays-top-10-nz-mint-how-corrupt-chinese-cash-finds-its-way-aucklands-property-marke

We also have a flows for NZD as the chinese buy into our dairy to secure their future food supply:

http://www.stuff.co.nz/business/farming/8262417/China-plans-210m-Waikato-milk-plant

http://www.stuff.co.nz/timaru-herald/news/8124093/Chinese-buy-dairy-factory

http://www.stuff.co.nz/timaru-herald/news/8181839/Large-dairy-herd-shipment-to-head-to-China

]]> By: Sean Lee https://fxww.com/nzdusd-and-speaking-of-exhaustive-moves/#comment-15671 Tue, 05 Feb 2013 03:31:22 +0000 http://fxww.dreamhosters.com/?p=5198#comment-15671 Thanks Kiwi, I do love a bit of market tattle 🙂

]]> By: KiwiTrader https://fxww.com/nzdusd-and-speaking-of-exhaustive-moves/#comment-15670 Tue, 05 Feb 2013 02:43:39 +0000 http://fxww.dreamhosters.com/?p=5198#comment-15670 Sean, I think the other (Australian owned) banks like Westpac and Commonwealth (ASB) are definitly giving BNZ a run for their money and there are more and more brokers of all sizes popping up with ties back to all over the world.

Deep dark murky money trails

(No surprise though as there is a bit of speculation that some of the yuan coming into NZ is rather tainted and needs to be cleared out of Beijing now that the newish government over their is cracking down on corruption and bribery – i.e. look at Aucklands property market)

]]> By: Jones https://fxww.com/nzdusd-and-speaking-of-exhaustive-moves/#comment-15664 Tue, 05 Feb 2013 01:37:22 +0000 http://fxww.dreamhosters.com/?p=5198#comment-15664 In reply to Sean Lee.

> Haha, yes, that’s why I posted in this post. I know you put CAD and NZD in the same box.

]]> By: Sean Lee https://fxww.com/nzdusd-and-speaking-of-exhaustive-moves/#comment-15663 Tue, 05 Feb 2013 00:51:31 +0000 http://fxww.dreamhosters.com/?p=5198#comment-15663 Hi Jones, definitely prefer the long side but no strong ideas on short term levels. At this stage I’d say you’re a 70% chance of a win on this trade but you do know all about my CAD prowess? Or lack thereof!

]]> By: Sean Lee https://fxww.com/nzdusd-and-speaking-of-exhaustive-moves/#comment-15661 Tue, 05 Feb 2013 00:49:49 +0000 http://fxww.dreamhosters.com/?p=5198#comment-15661 Ain’t that the truth Kiwi. Do BNZ Welli still rule the roost or are the bigger prime brokers taking over? I’d heard a lot of chat re China, banking licenses etc but no exact numbers as to how much is being bought?

]]> By: KiwiTrader https://fxww.com/nzdusd-and-speaking-of-exhaustive-moves/#comment-15660 Tue, 05 Feb 2013 00:43:45 +0000 http://fxww.dreamhosters.com/?p=5198#comment-15660 IMHO you often cant apply logic to the Kiwi – Not unless you know where the money flow is coming/going. Its easlly pushed around by the flows. i.e. take all the Beijing money being converted to NZD at the moment.

My rule (especially) for the kiwi is trade what you see, not what you think. You cant rely on fundamentals too much for a bais upon which to place your trades.

]]> By: Jones https://fxww.com/nzdusd-and-speaking-of-exhaustive-moves/#comment-15659 Tue, 05 Feb 2013 00:12:08 +0000 http://fxww.dreamhosters.com/?p=5198#comment-15659 Morning Sean, what’s your view on USD/CAD? Based on the daily chart, I just bought some. Looking at the price to go back up to 1.005/6.

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