NZD - Weak Bullish
1️⃣ Recovered from a massive sell-off last week after Fed Officer Robert Kaplan considered delaying a reduction in Fed stimulus.
2️⃣ A positive market environment benefits high-beta currencies such as the NZD.
3️⃣ New Zealand retail sales jumped 3.3% in Q2.
4️⃣ New Zealand’s trade balance is also projected to rise in July following a surge in the manufacturing PMI.
JPY - Weak Bearish
1️⃣ The recovery in the stock market is pressing demand on the safe-haven currency JPY.
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Technical
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We are buying NZDJPY after it bounced at the support level.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
1️⃣ Recovered from a massive sell-off last week after Fed Officer Robert Kaplan considered delaying a reduction in Fed stimulus.
2️⃣ A positive market environment benefits high-beta currencies such as the NZD.
3️⃣ New Zealand retail sales jumped 3.3% in Q2.
4️⃣ New Zealand’s trade balance is also projected to rise in July following a surge in the manufacturing PMI.
JPY - Weak Bearish
1️⃣ The recovery in the stock market is pressing demand on the safe-haven currency JPY.
=====
Technical
=====
We are buying NZDJPY after it bounced at the support level.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Trade attivo
Trade chiuso: obiettivo raggiunto:
✅ TRADE HAS HIT TP
+50 PIPS
+50 PIPS