Aussie & Kiwi Standoff

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TimeZone: London Time (GMT)

EURUSD

1.3446

USDJPY

101.48

GBPUSD

1.7028

AUDUSD

0.9442

USDCAD

1.0739

GBPJPY

172.81

EURJPY

136.46

AUDJPY

95.84

CADJPY

94.49

Silver

20.78

AUD & NZD Pre-RBNZ

Less than four weeks after we made a profit on 2 AUDNZD longs, we issue 2 new trades in the pair, ahead of tonight's Aussie Q2 CPI and tomorrow's RBNZ decision with 3 charts highlighting the latest decline in dairy prices and technicals in AUD vs NZD. Our 2nd short in EURUSD at 1.3610-1.3640 hit its final target of 1.3460, for a total of at least 170 pips. This happened after the other EURUSD short from June 5th at 1.3660-1.3690 hit its final target of 1.3530 on Jul 16. Both EURAUD shorts are currently netting a total of 250 pips. For full access, please see the Trades section.

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twitter.com/alaidi

@davetrane11 such a well crafted stmt from the RBNZ Driving the message home that they will pause till at least Oct or Dec. rest is well... (6 hr ago)
Why the Kiwi Rolled over after the RBNZ Hike? http://t.co/jjLbwHsCVp by @fx_button #forex #RBNZ (8 hr ago)
Dovish RBNZ hike. Yesterday's $AUDNZD already nearing final target #forex (9 hr ago)
RBNZ NEXT (9 hr ago)
+700 pips & counting 1st $EURAUD short entry @ 1.4550 in prgres 2nd short entry @ 1.4600 in progrss CURRENT PRICE: 1.4240 #forex #Aussie (10 hr ago)
RT @ChrisGunness: BREAKING NEWS: 140,469 displaced people in 83 UNRWA shelters across #Gaza. The flood of civilian displacement continues u… (13 hr ago)
Last night's note previewing Aussie CPI & today's RBNZ http://t.co/NVr0gl0UO4 #forex #NZD (14 hr ago)
@Francesc_Forex gràcies senyor (14 hr ago)
RT @Francesc_Forex: FXStreet 1st in Bloomberg’s Twitter Social Media List for FX Markets http://t.co/CTmJ4ncwhE #forex Felicidades (14 hr ago)
IMF cuts 2014 Growth to 1.7% from 2% *IMF: FED MAY HAVE SCOPE TO ALLOW INFLATION OVER 2% TEMPORARILY #forex (14 hr ago)

Latest IMT - Jul 23

Why the Kiwi Rolled Over After Rate Hike

The RBNZ hiked rates but the New Zealand dollar plunged early in Asia-Pacific trading. On Wednesday, the Australian dollar led the way while the pound lagged in the sixth day of declines. Japanese trade balance is due later. Our Premium subscribers trades long AUDNZD & short NZDUSD yesterday are near their final targets. For access, click on the charts and trades of the Premium Insights.

A hike from the RBNZ wasn't a sure thing – the OIS market was only pricing an 86% chance and 1 of 15 economists surveyed by Bloomberg predicted no change. Yet when Wheeler boosted rates to 3.50% from 3.25% the kiwi plunged to 0.8610 from 0.8700.

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