NZD/USD jumped after the RBNZ made changes to bank capital adequacy rules. The
anticipated review by the central bank is being viewed as less severe than some
had thought, which traders say should take some pressure off the RBNZ to cut
interest rates further. The ANZ Bank immediately shaved its forecast of two more
OCR cuts down to one in May. Earlier, it was forecasting cuts in May and August.
NZD/USD jumped from 0.6525 to 0.6553 on the RBNZ announcement.
The Forexmentor Live! interactive training in trading Forex includes unlimited access to the live trading classroom, detailed tutorial videos used in trading client accounts, a step-by-step guide to the LPT Method, technical analysis, detailed presentations throughout the day, live Trade Alerts, access to Professional Fund Managers, access to live news feeds in real time and so much more.
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
No comments:
Post a Comment