ridethepig | RBNZ To Cut!

ที่อัปเดต:
All eyes on RBNZ tonight, Equities globally are running out of steam and high beta FX looks set to suffer badly... the Governor has been very vocal around negative rates and protection via debt monetisation if necessary. Markets have quite the habit of unpinning Central Bank promises of late by choosing to apply maximum pressure. RBNZ will have to satisfy the following logic with a 15bps cut to seem credible.

On the technical side, a simple breakdown in pure price can be played from the 0.610x handle. I am comfortable going into the meeting short, 0.618x is strong resistance and will keep stops protected, while to the downside 0.600x will serve a suitable initial target.

The risk to the thesis comes from the RBNZ being unable to set the dovish stage correctly at this point in the game, the process of unpinning can be seen from quite a different angle.

Good luck.
ปิดการเทรด: ถึงเป้าหมายการทำกำไร
A flawless move, no cuts but a dovish RBNZ with ann increased QE overdraft!

0.600x TP HIT!
บันทึกช่วยจำ
RBNZ taking the highlights overnight, no cuts but doubling(!!) their QE programme and keeping negative rates on the cards is all very bearish NZD. Well done those following the live charts from Tradingview in “Chart of the Day” 📊 … We will open up the next NZDUSD later today, for now more than happy taking some chips off the table and re-engaging with shorts above the 0.610x highs.
บันทึกช่วยจำ
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