GBP NZD SHORT

9 ก.พ. 2020

Hello guys, in this video i show as to why i will only be looking for shorts on the gbpnzd pair. My bias is shaped by the fact that the UK has had extremely weak economic data. The pound was given a little strength by their interest rate decision but i think that ride is done. The country has to negotiate with many nations trade deal and this uncertainties will have investors running to put their money into safe havens until its safe again to put money in the uk's stock market so for the time being this pair will continue being weak. This in addition to the fact that the corona virus has brought weakness to all pairs worldwide with demand going down as major cities in china continue to get shut down and also nzd is likely going to hold interest rates will see the GBPNZD pair melting to lower levels.