Trading NZD M3 Money Supply
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Thread: Trading NZD M3 Money Supply

  1. #1
    There could be a could exchange here later tonight (23.00 EDT). The consensus is for a lowering of their currency supply, which has an inflationary impact on the currency. What is interesting, is that NZD has sold (de-flated) and can be sitting about 6560 as of 18.00 EDT. If the amount comes out on consensus or better and the Kiwi is sitting at this level at 23.00 EDT, there could be a great possibility of a fairly good up spike in the currency. I straddle reports like that myself and I've done fairly well with NZD trades previously.

    For all of the traders who have fears about slippage, etc, the NZD trades work nicely, since there is most likely no one on the desk at the time and the trades will likely be automated.

  2. #2
    I wont argue with the slippage as it hasnt happend to me however. But they do gapped throughout my price and did not fill it claiming I deleted my order (5 minutes later it was supposedly filled and 20 minutes after it ought to have closed on its )...

    Anyways, as you have known, I Had NZDUSD earlier at 0.6564 (no SL); I was away from pc entire day (its afternoon here and regret unable to participate with the GBP drop) and did not watched that the price shoot up to 0.6575... but it eventually went back to my price and closed it with two pips profit. . LOL. 2 pips! Well... seems like my goal is a major time support I didnt dare it go down further. .

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