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Trading and comments in AUD/NZD from 9-Aug to 10-Aug; includes comments on the RBNZ MPS

 

Real time AmpGFX – raising AUD/NZD orders, one close to market; Thu 8/10/2017 10:30 AM

Positions

Long 0.5 units AUD/NZD at 1.0724; s/l 1.0813; t/p 1.1223

Long 1 unit AUD/NZD at 1.0724; s/l 1.0763; t/p 1.1223

Note we were stopped out of our long USD/JPY position earlier today (Friday).

Real time AmpGFX – Still long AUD/NZD, very initial thoughts on RBNZ MPS; Wed 8/9/2017 3:17 PM MST

It appears that I am still long AUD/NZD even though Bloomberg quotes appeared to show it trade below my s/l, Saxobank appeared to have NZD trading turned off. I could not trade AUD/NZD and it also appears that my positions are still current.  This is something that I will discuss with them later.  But my account is still long AUD/NZD. (It may not have been offered below my stop-loss – a condition of my s/l’s)

My very initial thoughts are that the RBNZ have made a clearer statement that they prefer a lower exchange rate and they have not changed their rate forecasts.  They have added an additional hike at the end of the profile, since they have added 3-months onto the horizon.

Backward Kiwis More Touchy on Their Currency; 9 August – ampGFXcapital.com



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Greg Gibbs,
Founder, Analyst and PM
Amplifying Global FX Capital Pty Ltd