Hey folks,
Here are your trading signal Haikus for Wednesday 7-29:
Markets may soon rise
Last gasps to new highs likely
Ceiling is nearby
News not worth trading
Durable Goods non-mover
N.Z. dangerous
... in all seriousness, the likelihood of NZ moving interest rates tomorrow at 1700 is very unlikely (if they hike, it's a big buy, if they cut, it's a big sell), so there may be a lot of volatile action based on RBNZ's Bollard's comments, thin market price manipulation, or both... so the chance for a clear trade is slim. If you'd like more information on the trend, not much has changed today, so please read the signal from Tuesday the 28th.
Thanks!
Here are your trading signal Haikus for Wednesday 7-29:
Markets may soon rise
Last gasps to new highs likely
Ceiling is nearby
News not worth trading
Durable Goods non-mover
N.Z. dangerous
... in all seriousness, the likelihood of NZ moving interest rates tomorrow at 1700 is very unlikely (if they hike, it's a big buy, if they cut, it's a big sell), so there may be a lot of volatile action based on RBNZ's Bollard's comments, thin market price manipulation, or both... so the chance for a clear trade is slim. If you'd like more information on the trend, not much has changed today, so please read the signal from Tuesday the 28th.
Thanks!