Video

James Kim@Saxo
In this webcast, Saxo's global sales trader James Kim runs through the events of the week ahead and give his thoughts on the positioning of S&P, Hang Seng, US Dollar Index, EURUSD, USDCHF, NZDUSD, AUDUSD, USDJPY, XAUUSD.
Day trade
Trade view / 30 December 2014 at 12:32 GMT

UPDATE: Kiwi could go lower with a little help from its friends

FX Trade Strategist / www.Loonieviews.net
Canada
Instrument: NZDUSD
Price target:
Market price:
Background

The original Trade Idea was expecting further NZDUSD losses in thin markets during the Christmas break. That didn't happen. Instead, the risk that "because the trade was crowded, the topside would be vulnerable" was realised. Hopes for additional  RBNZ currency intervention, since they are on record for wanting a weaker NZDUSD (unjustified and unsustainable), went the way of many Christmas wishes i.e. unfulfilled.

The stop was triggered for a loss of 0.0075 points.
 
Original  parameters

Entry: Sell NZDUSD at market (currently 0.7750).

Stop: 0.7825.

Target: 0.7610.

Time horizon: 7 days.


-- Edited by Kevin McIndoe
5y
donovan80 donovan80
This comment has been redacted

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