ja_mageia

FX Invest
- The Smart Alternative -

For as little as $10,000, investors can be participating in the benefits of foreign exchange investment.

News


Monday 30th June 2008

 
Ranges
NZD/USD 0.7534-0.7658
AUD/USD 0.9512-0.9648 NZD/AUD 7851-0.7981
LAST WEEKS  NEWS

More Dollar weakness followed last week, with continued worries regarding the robustness of the US economy and their share market receiving hammering after hammering. The Dollar has had a bad week by any standards.

Here at home, more bad data emerged as Kiwi has struggled to make any gains and seems to be running into offers on any rally, especially against a very firm Aussie dollar. All in all, a very quiet rangy week with US holiday on Friday.

 
WHAT WE DID

Traded the range in NZD and NZD/AUD

THIS WEEK'S NEWS

We expect more of the same, with conitued USD woes needing some good news to stop it from falling. With global growth stalled, it's hard to see that we will get a change of picture emerging.

As we said above, Kiwi seems to be stalling here; caught between a rock and a hard place (weak USD against weak NZD) but its obviously getting sold off against the other currencies as Kiwi continues to underperform.

AUD is one of the few currencies that looks like it will remain strong in the face of the global slow down, with good data and strong commodities it's a true winner. Shame about their rugby team.

WHAT WE WILL DO


Sell Kiwi against crosses on rallies

Trade the .7550/7650 range in Kiwi USD
 
<< Start < Prev 111 112 113 114 115 116 117 Next > End >>

Page 117 of 117

Popular

Contact

For Further Information
Contact Us:
+64 9 520 8415
info@nzccy.co.nz