NZD/JPY and AUD/CHF
May 10, 2013 at 08:26
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4 Replies
May 10, 2013 at 08:26
Okay, this is what I don't get. Japan released positive numbers beyond consensus, so I immediately entered a SELL - NZD/JPY. The market seemed not to move at all. It was moving slowly.
However, 30mins later, Australia released their economic report which was positive and AUD/CHF or AUD/USD started going up like crazy. At this time, NZD/JPY started going up like crazy also and my trade went in severe negative.
Why did this happen? AUD has nothing to do with NZD or JPY. Why did my trade get effected due to positive AUD data?
However, 30mins later, Australia released their economic report which was positive and AUD/CHF or AUD/USD started going up like crazy. At this time, NZD/JPY started going up like crazy also and my trade went in severe negative.
Why did this happen? AUD has nothing to do with NZD or JPY. Why did my trade get effected due to positive AUD data?
Jun 01, 2013 at 12:16
Complicated Raviluke. Japan had better numbers so maybe it was interpreted as Abenomics working well. No one wants a strong yen during Tokyo hours. AUD and NZD are Pacific currencies. Lately they are behaving the same. AUD and NZD. That is why I do not trade news. There is the news and then there is the market reaction to it. 2 totally different things.
Membro Desde Feb 24, 2012
2 posts
Jun 03, 2013 at 08:08
I totally agree with FXPINDIT. The news and market reactions are very different but one thing that I have learnt is to trade what is infront of you with a reasonable time frame that suits your trading style.
Membro Desde Nov 21, 2011
1718 posts
Jun 03, 2013 at 22:56
NZD will always react the same way as AUD like a miror because New Zealand depends on AUD economics.
When a crisis will knock out again... You will notice that NZD will always collapse more than AUD.
When a crisis will knock out again... You will notice that NZD will always collapse more than AUD.
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