Tuesday, 28 April 2009

NZD/JPY position

Agree with recent comments that it looks a bit dodgy and could test 50.00 again.
So have placed a stop loss at 53.50 and this may become another "freeze" trade for a while.

4 comments:

thelonelytrader said...

Almost ready to buy man. Just need another 150 pips or so and I'll get in again with an initial position, adding at 44xx and possibly again below 40xx.

peterquixote said...

> dudes, on a massive upswing of confidence in New Zealand, I bought NZ share stock in March, well now its Ok except i bought Fisher and Paykel, and I think that I can recuperate losses on Fisher and Paykel [ bought in at 55 cents now 45 cents] what do you think<

Kiwi Trader said...

F & P should be OK in the long run, but will struggle in the short term with the lack of demand from consumers. They are still battling to get offshore operations running smoothly. The lower NZD will help, as will the lower interest rates.
Depends on your time horizon, but may well become a long term hold.

Kiwi Trader said...

LT

Good to hear...I can't hold the NZD/JPY up on my own!!