Trade report of 17-7The Level of a diffusion index based on surveyed manufacturers in New York state was favorable. At least the prediction was -3.5 but it ended up being 1.1. Still, this was disappointing because the previous period it was 6.6. So the index has dropped significantly. And you noticed that immediately in the Dollar pairs. The Dollar itself remained in free fall today. But the risk of drastic interest rate adjustments has decreased. Today's actions:
#NZDUSD : our rating system gives the following value; +5, or a buy rating after adding up all categories. First, let's take a look at what institutional traders are buying/selling. We can see that the NZD has a long percentage of 47.75%, and we see that the USD has a long percentage of 70.38%. This category gets a -1, as institutional traders prefer the USD.
If we look at NZDUSD, we see that retailers are 34% long and 66% short. Currently, the NZDUSD gets a value of +1 in this category.
If we look at seasonality, we get a score of +1. What this tells us is that based on historical data, this market tends to rise this month.
Trend measurement is based on the daily chart, using the 5, 8 and 21 exponential moving average. The more "aligned" they are, the stronger the trend up or down. In this case, we have a score of +2.
Finally, let's look at the basics. GDP growth in favour of the USD, inflation in favour of the NZD, unemployment in favour of the NZD and interest rates in favour of the NZD. We have therefore placed a buy at 0.64020.
#CADCHF : a next sell will be put in line with the expected inflation figures from Canada. 0.64770
