NZD long interest is at record highs.
Many fundamental arguments for why NZD is overpriced - mainly NZD is biggest proponent of carry trade in G10.
Recession risk is underpriced - NZD the loser in global recession which is long overdue and WILL occur at some point due to 'tightening' financial conditions - USD, JPY the beneficiaries here
NZD longs have become the 'obvious' trade especially vis-a-vis JPY.
The obvious is obviously wrong.
There is a 1000+ pips up for grabs here on the short side.
Many fundamental arguments for why NZD is overpriced - mainly NZD is biggest proponent of carry trade in G10.
Recession risk is underpriced - NZD the loser in global recession which is long overdue and WILL occur at some point due to 'tightening' financial conditions - USD, JPY the beneficiaries here
NZD longs have become the 'obvious' trade especially vis-a-vis JPY.
The obvious is obviously wrong.
There is a 1000+ pips up for grabs here on the short side.
Trade active
250 pips in the bag boys
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.