1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

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

    Joined:
    Sep 30, 2007
    Messages:
    752
    Likes Received:
    0
    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!
     
  2. ssharma

    ssharma Private

    Joined:
    Jul 6, 2009
    Messages:
    10
    Likes Received:
    0
    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

    Joined:
    Dec 11, 2007
    Messages:
    511
    Likes Received:
    0
    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.
     

Share This Page