Edit Your Comment
NZD/JPY and AUD/CHF
May 10, 2013 at 08:26
Miembro desde Apr 20, 2013
posts 167
Okay, this is what I don't get. Japan released positive numbers beyond consensus, so I immediately entered a SELL - NZD/JPY. The market seemed not to move at all. It was moving slowly.
However, 30mins later, Australia released their economic report which was positive and AUD/CHF or AUD/USD started going up like crazy. At this time, NZD/JPY started going up like crazy also and my trade went in severe negative.
Why did this happen? AUD has nothing to do with NZD or JPY. Why did my trade get effected due to positive AUD data?
However, 30mins later, Australia released their economic report which was positive and AUD/CHF or AUD/USD started going up like crazy. At this time, NZD/JPY started going up like crazy also and my trade went in severe negative.
Why did this happen? AUD has nothing to do with NZD or JPY. Why did my trade get effected due to positive AUD data?
Jun 01, 2013 at 12:16
Miembro desde Jun 01, 2013
posts 4
Complicated Raviluke. Japan had better numbers so maybe it was interpreted as Abenomics working well. No one wants a strong yen during Tokyo hours. AUD and NZD are Pacific currencies. Lately they are behaving the same. AUD and NZD. That is why I do not trade news. There is the news and then there is the market reaction to it. 2 totally different things.
Miembro desde Feb 24, 2012
posts 2
Miembro desde Nov 21, 2011
posts 1718
Jun 03, 2013 at 22:56
Miembro desde Nov 21, 2011
posts 1718
NZD will always react the same way as AUD like a miror because New Zealand depends on AUD economics.
When a crisis will knock out again... You will notice that NZD will always collapse more than AUD.
When a crisis will knock out again... You will notice that NZD will always collapse more than AUD.
*El uso comercial y el spam no serán tolerados y pueden resultar en el cierre de la cuenta.
Consejo: Al publicar una imagen o una URL de YouTube, ésta se integrará automáticamente en su mensaje!
Consejo: Escriba el signo @ para completar automáticamente un nombre de usuario que participa en esta discusión.