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What's floating? Milk or oil? Sell NZD/NOK
Mon, Jun 16 2008, 13:34 GMT
by Kasper Kirkegaard, John Hydeskov
- We recommend selling NZD/NOK spot at 3.91 for a move to 3.75 and with a stop at 4.00.
- The technical outlook is for range trading important levels to watch are 3.84 and 4.05
- .Both NZD and NOK are among the high-yielders in the G10 currency universe
- .Recently, the relative rate spread has diminished sharply meaning that the positive NZD carry has almost disappeared.
- The trade is our ultimate relative value bet at the moment.
- Investors who find the pair (NZD/NOK) tricky and prefer only one of the legs can either sell NZD/USD or sell GBP/NOKNZD
Published on Mon, Jun 16 2008, 13:54 GMT
Archive
- EUR/SEK to remain elevated
Published On Tue, Nov 25 2008, 14:42 GMT - Further reduction of EUR shorts, speculative investors turn bullish on oil
Published On Tue, Nov 25 2008, 14:29 GMT - Go short EUR/USD , EUR/CHF - long GBP/CAD
Published On Tue, Nov 18 2008, 17:52 GMT - FX central bank previews: BoE, ECB, SNB and DN
Published On Wed, Nov 5 2008, 17:09 GMT - The Danish Central Bank hikes rates - again
Published On Fri, Oct 24 2008, 12:57 GMT
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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