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NZD makes big about-turn; market caught short

By   || March 16, 2010 at 22:36 GMT
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AUD/NZD is back below 1.29 and NZD/USD is at .7125 after a few sessions of fairly furious NZD short covering. We saw from the speculative positioning data earlier in the week that the market was already quite short the Kiwi and obviously not all that comfortable with the position, judging by the short-covering rush. Technical resistance in the NZD/USD is quite firm between .7150/75 and support in the AUD/NZD is at 1.2850 (38.2% 1.2410/1.3120)

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Category: All, Asia, Techs
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3 Responses to “NZD makes big about-turn; market caught short”

  1. ben on March 16th, 2010 22:41 GMT

    For the Asian session. Japan makes an interest rate decision today but the calendars all say “tentative” or the time is left blank.

    When can we expect a rate decision?

  2. david on March 16th, 2010 22:58 GMT

    Usually in the afternoon, JST, so around 4:00 – 8:00 GMT maybe

  3. hart on March 16th, 2010 23:16 GMT

    If anyone wants real time page with all asian markets. Here it is. http://stockmarketspore.blogspot.com/2009/01/asia-stock-market-holiday-year-2009.html Each index has it’s own local clock and holiday schedule. Also links to each index home site. Hope it helps.

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