GBP Uncertainty - Money flows to out the UK - Brexit deadline approaching, and Labour party looking for a second referendum - Investors see the GBP ask a risk currency in uncertain times. Smart money investors look to sell the GBP at the overpriced exchange rate. - GBP Quant scores showing a reading of -14, shifting from the previous -4.
NZD Strength - IMF's latest release shows that Australia economy is on the rise. - New Zealand is closely associated with AUD, this encourages cashflow into NZD as investments are made from China. - NZD consumer spending showed growth, over 1.2% on the 24/02/2019. - NZD Quant score increased to 6. This is a slight strength on the economy but generally, consider this a neutral territory.
Technicals: - Check image for technical analysis - Many price action factors lining up for a short
Feel free to message me on where i get the quant scores as it helps my fundamental analysis.
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In a fairly dangerous area right now, most likely will get stopped out!
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NZD Quant Fundamentals Scores have shifted to -14 showing NZD weakness is a possibility. You can cut your losses short here as it would be logical, this is because analysis no longer matches market climate.
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