Fundamental Reflection:
Taking the que from the RBNZ:
The RNBZ believes that beyond the medium term, the corona virus will have little impact on its economy. It will only impact the 1st half of 2020 and that the economy will be on track to outpace growth in the 2nd half of the year of 2020. Surely, that is fine, but sentiment will drive these markets in the short-term.
Other Ques:
Yield spreads continue to offer no consolation that virus fears are over. This suggests that NZDJPY could fall further.
Swaps:
However, NZDJPY does pay a higher swap. If support proves true here, then we should expect an 800 to 1000 pip rally in NZDJPY.
Volume Analysis:
Volume is supportive of this investment as long as there are no more extra-terrestrial shock or other global pandemonium.......
Technicals:
Past Resistance = Future Support
Some daily hammer candles
Taking the que from the RBNZ:
The RNBZ believes that beyond the medium term, the corona virus will have little impact on its economy. It will only impact the 1st half of 2020 and that the economy will be on track to outpace growth in the 2nd half of the year of 2020. Surely, that is fine, but sentiment will drive these markets in the short-term.
Other Ques:
Yield spreads continue to offer no consolation that virus fears are over. This suggests that NZDJPY could fall further.
Swaps:
However, NZDJPY does pay a higher swap. If support proves true here, then we should expect an 800 to 1000 pip rally in NZDJPY.
Volume Analysis:
Volume is supportive of this investment as long as there are no more extra-terrestrial shock or other global pandemonium.......
Technicals:
Past Resistance = Future Support
Some daily hammer candles
Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.
