the most sage advise of the day was to get a drink and relax.

NZD/USD

hehe. the way my kiwi longs are going this may be the best course of action.

NZD/USD

part of the proposed building boom (in auckland) is based on building density increase, including 3 storey apartment blocks in currently single family detached housing areas. even if they change the master plan to allow such construction, resistance ...

NZD/USD

well, it's exactly that: a government promise (without any plan to actually deliver on that promise)

NZD/USD

housing won't cool easily. NZ has serious impediments to new construction. capricious resource consents, incredibly onerous building consent requirements and inefficient consent approval process. you'd have to be a masochist to try new construction ...

NZD/USD

feels like it's bottoming "again". Today the vague words of one guy moved prices more than all the fundamental news in a week. Even if the US were to raise interest rates eventually, NZ will use that opportunity to raise it's rates alongside. The ...

NZD/USD

not opposite, just diverge. have a look at the AUDNZD pair, there's lots of room

NZD/USD

most promising sign i see it the US 30 year treasury rate dropping again. was 3.19 a couple days ago, now 3.08. that does no look like the big players believe in the US interest rate going up any time soon. as long as we have a nice rate spread, ...

NZD/USD

my profit for the month is gone and then some... ouch

NZD/USD

your SLs got hit, i'm sitting on the red pips. what is worse? i'm buying the dips, selling the bounces, so i moved my average about 30 pips less red. still i think on a cash position you'd be better off. Unless/until of course this thing turns ...

NZD/USD

sounds like you're long too! i do not believe the US will quietly stand by as the USD appreciates against JPY, and the Japanese reaping nice growth, the Koreans are fighting back, i am sure the US is not too far away from declaring its currency ...

NZD/USD

0.81044 long if you had told me i could buy at that a week ago, i would have given you a nice long "yeeeeeeessss, interesting" (kiwi for "you're full of it")

NZD/USD

right on mate!. i remember a few years back being short at 0.82, the thing went all the way to 0.88, and back down to 0.78. no news, thin volume, best time for manipulation. Us small guys will never have the inside information on where to "harvest" ...

NZD/USD

unbelievable, the way that train is headed you need even warmer clothes, south pole is not beach vacation either!

NZD/USD

no doubt you're short with all you got? i wish i ever had a trade without doubt, never has happened, never will

NZD/USD

true, but even if the account turns red for a while, those swaps are green. much easier to wait it out than if you're paying that swap every day.

NZD/USD

i'm long now! enjoy those positive swaps for a while!

NZD/USD

agreed that the RBNZ can not go against the market. To me a lot of the talk is politically motivated. High NZD value does in effect redistribute NZ wealth form the exporter to the consumer. As long as Fonterra can increase the the rate they pay on ...

NZD/USD

thanks Matt! i've also read that previous quote of Wheeler. from a practical perspective i may simply re-adjust the entry point for my shorts down a bit: maybe to just around 0.85 down from 85.5

NZD/USD

a lot of talk from RBNZ, maybe some well timed intervention to scare the longs, but does it really make a difference? "The bank manages foreign exchange reserves to allow for efficient intervention and crisis management, and had an intervention ...

NZD/USD