Currently viewing the tag: "nzd"
Entered NZDJPY at 66.68 on 30 June. Exited July 29 at 66.92. Result: -26 pips
I entered this trade at the same time as my short NZD/JPY trade. I wanted to be short the carry trade at a time I thought stocks were overbought with many risks on the horizon. The stops were wide and [...]
Entered NZDCHF short at 69.67 on 30 June. Exited July 25 at 69.68. Result: -1 pip
This was one of two trades I entered in late June with wide stops. The reasoning was: 1) expectations of rising risk aversion. 2) Hikes overpriced from RBNZ. 3) Slowing in China. 4) Run-up beginning June 26 was overdone.
This [...]
Many commentators and strategists are fascinated by politics. They over-evaluate decisions that will never make a pip of difference in the forex market. I steer clear of this sort of self-indulgent political pontificating because so often it morphs into a platform for whatever the strategists believes rather than what’s important to the market. At other [...]
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