Risk Appetite for GBPNZD and other GBP Shorts
Updated
Taken off NU shorts and using gains for this trade.
Potential major downside from key risk events.
Likely to hear more hawkish RBNZ since inflationary measures have been building and imported inflation likely to kick in soon.
Only dampener will be household debt that will continue to weigh on rate expectations since wage growth continues to be mute and outstripped by rental and housing costs.
This may be the start of the daily correction and not likely end of the weekly upward retracement. Though with GBP political outlook - happy to take on additional risk incase this is in fact a larger correction from a weaker Pound.
Will be fishing for GJ shorts as well for weekly HS pattern confirmation if prices break 147.720
Potential major downside from key risk events.
Likely to hear more hawkish RBNZ since inflationary measures have been building and imported inflation likely to kick in soon.
Only dampener will be household debt that will continue to weigh on rate expectations since wage growth continues to be mute and outstripped by rental and housing costs.
This may be the start of the daily correction and not likely end of the weekly upward retracement. Though with GBP political outlook - happy to take on additional risk incase this is in fact a larger correction from a weaker Pound.
Will be fishing for GJ shorts as well for weekly HS pattern confirmation if prices break 147.720
Trade active
Trade active
Looks to be a hold pending outcome of news today.Note
2 out of 3 - take this as a win
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