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Forex Trading Signal 07/29/09

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Jul 29, 2009.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

    Sep 30, 2007
    Likes Received:
    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.

  2. ssharma

    ssharma Private

    Jul 6, 2009
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    Why buy when interest rate goes up

    I am new to FX. Why would I buy if interest rates go up. Isn't it more expensive as against buying when interest is low?

  3. Sir Pipsalot

    Sir Pipsalot Former FPA Special Consultant

    Dec 11, 2007
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    Higher interest rates draws more demand for a currency. The more interest it pays to hold NZD, the more buyers there will be for it, especially if the hike is a surprise since it won't be priced in. Also, an interest rate hike could assure worried traders/investors that the worst is over.

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