Dont ride off the NZ economy

I dont see an increase in the NZ overnight cash rate. Dont see 50bp rise, more likely they will hold, with a 15% chance of a 0.25% increase. On the negative side (in favour of rate increase):1. New Zealanders dont save2. Need to rein in credit creation in an inflationary setting (ie. real rates are lower)3. Growing inflationary outcomes worldwide - but not recognised by the Fed4. Central banks are...

USDCAD Edges Lower

Okay, if we were at bottom a few days ago, it was only a soft bottom!Right now, according to the charts I'm viewing, this pair is trading at 0.9925, which is nearing a penny below parity. I can hardly imagine what such a drastic change in rates, worldwide, truly means to the state of global economic affairs.Perhaps the current administration has done the unthinkable? Perhaps the US predomina...

Result Signal #17

Result from Signal #17 :Buy Limit Gbp/Usd at 2.0150, TP at 2.0230, SL at 2.0110 = +80 pipsSell Limit Eur/Usd at 1.4160, TP at 1.4110, SL at 1.4190 = +25 pips (close manually at 1.4135)Profit = +105 pipsSept Total Profit = +238 pipsAccumulate Total Profit = +631 pi...

USDCAD Once Again

Okay, I think it is nearly safe to say that the USDCAD has hit bottom.Heh, actually, it's probably not safe to say, but it has certainly found some support at and above the 0.9950 level. I think that the downward pressure from speculators has now eased.I also think the downward jump has been overdone.However, assuming I'm right, and I'm finding that often I am, I don't know how long it will t...

Signal #17

Buy Limit Gbp/Usd at 2.0150, TP at 2.0230, SL at 2.0110Sell Limit Eur/Usd at 1.4160, TP at 1.4110, SL at 1.4190note : Use Trailing Stop =...

Result Signal #16

Result from Signal #16 :Sell Gbp/Usd at 2.0180, TP at 2.0085, SL at 2.0220 = + 65 pips (close manual at 2.0115)Sell Eur/Usd at 1.4135, TP at 1.4080, SL at 1.4165 = + 20 pips (close manual at 1.4115)Profit = +85 pipsSept Total Profit = +133 pipsAccumulate Total Profit = +526 pi...

Signal #16

Sell Gbp/Usd at 2.0180, TP at 2.0085, SL at 2.0220Sell Eur/Usd at 1.4135, TP at 1.4080, SL at 1.4165Good luck!note : close manual before news GDP ... than we see the res...

Result Signal #15

Result from signal #15 :Sell Stop Gbp/Usd at 2.0190, TP at 2.0115, SL at 2.0230 = +75 pipsBuy Stop Gbp/Usd at 2.0250, TP at 2.0340, SL at 2.0210 = 0Sell Limit Eur/Usd at 1.4070, TP at 1.3095, SL at 1.4100 = -30 pipsProfit = +45 pipsSept Total Profit = +48 pipsAccumulate Total Profit = +441 pi...

Signal #15

Yesterday, we saw a strange movement from GBP/USD Pair. It moved up from 2.0198 to 2.0319 but in a short time, it felt and closed at 2.0212. The candle pattern was similiar to falling star so it supposes to going down but who knows the future, right? Because the Parabolic SAR in daily chart is already moved to below the candle, so this pair is still have a possibility to going up.I try to check...