Luke Waddington
Luke Waddington
against hold nervous people view
The view that people do hold is that the kiwi will drop. But people are nervous about doing it against the dollar, so they go elsewhere.
bank convinced defined easing happening japan line next people quite starting time
This is yen supportive. People are starting to get quite a defined time line on when the Bank of Japan will end its easing and are quite convinced its going to happening next week.
buy dollar funds higher model move sold turning
There's been such a significant move that model funds are turning now and have to buy the yen. Any move higher in the dollar is going to be sold into.
bit call days difficult market next people risk taking three
People are taking a little bit of risk off. It's difficult to make a call over the next two to three days where the market is going to go.
bit people risk taking
People are taking a little bit of risk off.
caught forced market players short trim
The market was caught a little short there and some intraday players were forced to trim positions.
cuts market rates saying surprise terms
The market is saying what we're not going to get is a surprise in terms of rates -- we're not going to get some cuts because of storm-damage problems.