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  • Opinions – Not Facts

    This blog consists of contributions from FX EDU staff, executives and people that have a relationship with FX EDU. In spirit of a blog, the posts are conversational and opinionated. However, they are not official FX EDU policy and not double-checked for facts. The authors are providing information that they believe to be true or opinions they hold. To verify information or check official FX EDU policy, please contact FX EDU through the firm's official website, www.fxedu.com.

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    The Flavor of the day: the New Zealand dollar! What are traders spitting out? Euros!

    By Sean Hyman | May 19, 2009

    Today the NZD/USD is up 1.20% and NZD/JPY is right behind it, up 1.15%.

    On the flip side, the euro is despised this morning with EUR/NZD, EUR/AUD and EUR/GBP all at the bottom of the list.

    NZD/USD is up, even more than anything else is down (percentage wise). So look for momentum there (intraday). You could get some sizable short term pops out of this pair this morning.

    Go where the momentum is…..or I could say it this way….go where the fish are biting.

     

    Sean Hyman

    www.forextradingblog.com

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