EURNZD lower
I want to try a EURNZD short trade here.
Nice resistance above as we've tried a couple times to move higher.
EURNZD has been pretty correlated to the vix and negatively correlated to the US500 since about April.
I think based on the recent rise in the US500 we should see the same fall in the EURNZD as people start to look at lower inflation expectations which should price out some more rate hikes out of yields and potentially see risk assets perform a little better.
Lagarde so far hasn’t shown much about the new anti fragmentation tool which from the looks of EURUSD the market seems a little disappointed which I think could help the trade as well.
Not trading/investment advise, feedback welcome!
Nice resistance above as we've tried a couple times to move higher.
EURNZD has been pretty correlated to the vix and negatively correlated to the US500 since about April.
I think based on the recent rise in the US500 we should see the same fall in the EURNZD as people start to look at lower inflation expectations which should price out some more rate hikes out of yields and potentially see risk assets perform a little better.
Lagarde so far hasn’t shown much about the new anti fragmentation tool which from the looks of EURUSD the market seems a little disappointed which I think could help the trade as well.
Not trading/investment advise, feedback welcome!
Note
taking this out here
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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.