EURUSD – Euro Forecast to Gain Versus U.S. Dollar
GBPUSD – British Pound Turnaround May Be on the Horizon
USDJPY – Japanese Yen Positioning Remains
USDCHF – Swiss Franc May Continue to Strengthen against Dollar
USDCAD – Canadian Dollar Forecast to Break Below Narrow Range
GBPJPY – British Pound Forecast to Advance Against Yen
 
View individual currency SSI charts in our FX Sentiment section
 

The New Zealand Dollar fell after a widely expected interest rate hike from the Reserve Bank of New Zealand as the central bank’s Governor Alan Bollard spoke out directly against the currency’s recent appreciation and downplayed the extent of further tightening.

The New Zealand Dollar has risen nearly 5%, or 350 pips, since the last RBNZ rate decision. With markets widely expecting another rate hike, can the Kiwi repeat the same stellar performance this time around?

The recent influx of new speculators in the forex trading market has been met with a similarly pronounced outflow of existing traders. Extremely volatile market conditions have clearly been detrimental to many participants, and much of this effect relates to popular trading strategies in the market today. In our last article we briefly mentioned one of the major reasons for losses in the average forex trading strategies: poor money management. It is subsequently helpful to examine popular trading strategies and identify exactly where many traders go wrong—fixing mistakes in our own trading.