Global growth outlook concerns continue to be the topic of discussion at the RBNZ as to the level of impact on NZ exports despite positive underlying fundamentals.
Our view
- Solid underlying fundamentals including, GDP/Inflation ticking higher, exports steadily increasing over the financial year and trade balance surplus
- Households remain optimistic as housing market activity picks up
- Business confidence is recovering as the government signals commitments on infrastructure investment
- Hedge funds remain reasonably flat in the futures market indicating funds are yet to pour into the upside trade
- Macro swing targets of 0.74xx into VPOC and 0.80xx with reversal occurring on buyside liquidity into 0.62xx
- Technical indicators suggesting oversold momentum conditions
We begin loading buyside exposure into the 0.62xx zone across both our macro and directional portfolios
-------------------------
We look forward to continuing to provide market leading analysis to traders & investors alike across the TradingView platform.
Like, subscribe and leave your comments below!
Until next time,
Portier Capital
Macro Strategy & Portfolio Management
Our view
- Solid underlying fundamentals including, GDP/Inflation ticking higher, exports steadily increasing over the financial year and trade balance surplus
- Households remain optimistic as housing market activity picks up
- Business confidence is recovering as the government signals commitments on infrastructure investment
- Hedge funds remain reasonably flat in the futures market indicating funds are yet to pour into the upside trade
- Macro swing targets of 0.74xx into VPOC and 0.80xx with reversal occurring on buyside liquidity into 0.62xx
- Technical indicators suggesting oversold momentum conditions
We begin loading buyside exposure into the 0.62xx zone across both our macro and directional portfolios
-------------------------
We look forward to continuing to provide market leading analysis to traders & investors alike across the TradingView platform.
Like, subscribe and leave your comments below!
Until next time,
Portier Capital
Macro Strategy & Portfolio Management