Rationale to be bearish the NZD :
1. The ANZ-Roy Morgan consumer confidence index eased to 123.7 from 126.3 in the previous month. A reading above 100 shows optimism, while a level below that indicates pessimism. (bearish NZD)
2. The Bank of New Zealand-PMI (PMI) fell 0.4 points from the previous month to 57.2 (bearish NZD)
3. Concerns over the policies dari govt New Zealand bary yg banyak kan buat reform to RBNZ (bearish NZD)
Rationale to be bullish YEN
1. Risk Off, Safe Haven
1. The ANZ-Roy Morgan consumer confidence index eased to 123.7 from 126.3 in the previous month. A reading above 100 shows optimism, while a level below that indicates pessimism. (bearish NZD)
2. The Bank of New Zealand-PMI (PMI) fell 0.4 points from the previous month to 57.2 (bearish NZD)
3. Concerns over the policies dari govt New Zealand bary yg banyak kan buat reform to RBNZ (bearish NZD)
Rationale to be bullish YEN
1. Risk Off, Safe Haven
Comment:
Trade idea and sentiment still valid
Order cancelled:
Risk Sentiment could be ON.