Aussie/Kiwi Short

Featuring Patrick Perret-Green

Patrick Perret-Green of AdMacro outlines an Aussie/Kiwi short based on the relative price expectations of major commodities from Australia and New Zealand. Filmed on May 16, 2017, in London.

Published on
24 May, 2017
Topic
Trading, Credit Market, Australia/New-Zealand
Duration
5 minutes
Asset class
Bonds/Rates/Credit, Commodities, Currencies
Rating
20

Comments

  • LL

    Luo L.

    1 9 2017 22:41

    0       0

    take the rates now NZD/AUD. Kiwi dollars have been sold off in August 2017.

  • Js

    Johns s.

    31 7 2017 15:32

    0       0

    Well explained

  • DF

    Dave F.

    7 6 2017 00:56

    1       0

    Nicely done Patrick....enjoyed the video.

  • PP

    Patrick P.

    5 6 2017 08:16

    5       0

    HI All,
    Targets hit with AUDNZD breaking 1.04 on Friday. Time to move to the sidelines.

  • an

    adrian n.

    1 6 2017 22:58

    0       0

    NZs largest trading partner is Australia, the 2nd is China. I think this trade is great in the very short term... until the September elections. Immigration and world no.1 over priced housing market are issues that are swaying politics and will disrupt their long growth run. Keep in mind, the only difference between Oz and NZ is their major export products which make up roughly 10% of their respective economies. House prices in both markets are coming off a 10 year streak of irrationality. Who knows how the currency cross will fluctuate as their housing and retail markets experience their biggest correction, ever.

  • HS

    Hisham S.

    1 6 2017 15:17

    1       0

    I am surprised there aren't more comments on this one. The trade is working out beautifully! He explained his reasoning quickly and simply. Great video!

  • FC

    Forest C.

    24 5 2017 22:42

    0       0

    Great video. Anyone can help with the idea of Long EUR/USD as part of Long Treasuries/Bunds ?

  • jd

    john d.

    24 5 2017 17:12

    5       0

    Agree with NZD/AUD. Yesterday Fonterra raised milk payout forecast. Immigration at near record highs for NZ. Trade surpluses growing. RBNZ may have to raise OCR earlier than economists anticipate. By contrast Australia facing slow down in hard commodities and housing slowdown/ bust - Australia has surplus of apartments vs. NZ's deficit of housing (due in part to immigration surge). Anecdotally there is a large difference between retail sector downgrades/ upgrades. NZD, whilst strong, may go higher. Never been through parity with AUD since its 1980's float but it could get close again (or possibly even breach).