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Reed Richards 03-06-2017 09:21 AM

Market Analysis

UJ is looking to continue to how it left last week with bearish trend starting to pick up slightly, but there is enough happening around to say that we will be in for stable movement which might push towards bullish mark.

Reed Richards 03-06-2017 09:22 AM


EJ has dropped quite a bit as we have moved into this week, itís not bad time to have a go at the short, but this week is very crucial with major happens line up and is likely to go ahead as well with Elections stuff coming into play, so it will be all very interesting watch.

Reed Richards 04-09-2017 09:15 PM


Not a good week for Kiwi by losing nearly 1%. The USD also held forte despite being under pressure for most of the week! A big week with lots of events has gone by which produced lots of volatilities which would have been exploited by intra-day traders! Looking further there is nothing much on the economic front though traders would be keeping watch on factors which would affect the price!

Reed Richards 04-09-2017 09:16 PM


A week of big events has gone by leaving mixed reactions! What is further in store remains to be watched. This pair did not get much affected by the high volatility or to say lack of volatility despite there being some big events! So that might be some false sense of assurance which might rapidly unwound if the risk sentiments really sours or there is a big event!

Reed Richards 05-15-2017 03:05 AM


Some respite for this pair this week which saw it make some decent recovery though it could not make much headway. With nothing much of importance within this month, the action would then shift to the much anticipated FED meeting in June. Till then it traders would be eyeing other events and trying to take a clue from here and there. Might be just range bound without any big move!

Reed Richards 05-15-2017 03:06 AM


Aussie did not have very big moves last week and was quite limited in its price action. Traders would like to have some volatility to make for good trading. But in the absence of it, they need to work around it if they still want to trade. With next week too not providing any good action, traders would then focus and re-price their strategy for the possible June FED rate hike, which would bring in significant volatility either way!

Reed Richards 05-16-2017 09:47 AM


The pair was flat with no major movement, but with how things are working out, it might not be exactly wrong for us to go for short here, but needs to be done with correct money management since the trend is not exactly correct.

Reed Richards 06-12-2017 03:13 PM


A loss of around 0.75% was not expected given Europe was showing signs of recovery and USA dataís were mostly poor or at best along expectations. So the USD was certainly weaker though subsequent events kept the Euro under check and it could not recover from the loss. But with another week of big data events, one can never be sure.

Reed Richards 06-12-2017 03:15 PM


I think the only thing that can put any brake to the pairís further rise is a possible FED rate hike next week. If not, then expect continued upward rise till the fundamentals and other factors aligns with USD again. So one can look for near to medium term upward swing for NZD against USD. But of course, one needs to be alert too and not being complacent!

Reed Richards 06-12-2017 03:18 PM


Last week was not a very good week for USD as it did not do well against some major currencies like AUD & NZD though against Euro and GBP was quite positive. So overall USD was mixed and its strength or lack of it was not uniform across the board! What further happens remains to be seen though the SNB would like lower CHF which would be advantage USD!

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