The rout on the NZD

I

Ivanovich

Anyone watching the borderline exodus of every player in the book from any pair associated with the NZD?

Since I'm not too familiar with the NZD (rarely do I play it) I don't know what to think of this.
 
Quote from Ivanovich:

The carry trade on the NZD is effectively over.

Anyone watching the borderline exodus of every player in the book from any pair associated with the NZD?

Since I'm not too familiar with the NZD (rarely do I play it) I don't know what to think of this.
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Quote from Ivanovich:

The fundamentals are that the real estate market is slowing down, interest rates have peaked and the trade deficet is the largest since 1976.
With the carry trade, you do not want to be the last off the boat.


While I don't necessarily disagree with you, it would be nice if you stated the reasoning behind your comment.
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Agreed. The Aussie economy is not that much better off, and AUD/NZD is pushing 21 month highs. I'm fading that trend right now at 1.1322.

Let's see if I get stomped.
 
Quote from OfmY:

It is only a small currency with light daily volumes.
A hedge fund buys and you get a major kick for your buck.
Now I suspect hedge funds are selling with the opposite effect.

The price is going beyond f*cking fundamentals. :)
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