COT 08/25.Summary: NZD NZD In currencies, this is the abbreviation for the New Zealand Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. : The NZD index is at 4, having increased from 0. We wrote last week that "speculators are net short the largest amount of NZD that we have on record... NZD: The NZD index is at 4, having increased from 0. We wrote last week that "speculators are net short the largest amount of NZD that we have on record (the record only goes back a few years though). Given the lack of historical positioning data for NZD, there is little confidence in the numbers." Despite our reservations, the NZDUSD has rallied. Expect the rally to continue. Implications: bullish Bullish Word used to describe an investor's attitude. Bullish refers to an optimistic outlook, while bearish means a pessimistic outlook. bullish 2008 Al Bawaba (Albawaba.com) Provided by Syndigate.info an Albawaba.com company |
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