SaxoTV

#SaxoStrats - Buying puts in NZDUSD

805 views
April 21, 2015 foreign exchange, foreign exchange market, foreign exchange strategy, forex, forex 2014, forex 2014 outlook, forex 2015, forex 2015 outlook, forex and more, forex aud, forex audusd, forex buying, forex eurusd, forex exchange, forex gbpusd, forex idea, forex market, forex market overview, forex markets, forex saxo bank, forex strategy, forex trade idea, forex trade ideas, forex trading, forex trading 2014, forex trading 2015, forextrading, forward guidance, fx, fx award, fx crosses, fx exchange, fx forex, fx interbank markets, fx investing, fx market, fx markets, fx options, fx saxo bank, fx spot, fx strategy, fx trade, fx trade idea, fx traders, fx trades, fx trading, fx trends, fx volatility, fx volatitily, fxallocationmodel, fxfx, fxmarkets, fxmonthly, fxoptions, fxspot, fxtrade, hardy, john hardy, news, nz, nz bank, nz central bank, nz dollar, nz interest rates, nzd, nzd fall, nzd usd, nzdaud, nzdollar, nzdusd, nzusd, saxo tv, saxostrats, tradingfloor.com, us, us banks, us budget, us debt, us debt ceiling, us dollar, us dollar index, us economic data, us economy, us equities, us fed, us federal reserve, us gdp, us government, us growth, us jobs, us jobs data, us non-farm payrolls, us politics, us shutdown, us stocks, us unemployment, usa, usa economy, usd, usd eur, usd index, usd jpy, usd strength, usdaud, usdcad, usdcad trading, usdchf, usdchf bullish, usdeur, usdgbp, usdjpy, usdjpy currency, usdrub, yus
With NZDUSD trading near the top of its range, Saxo Bank's Head of FX Strategy John Hardy has seen the opportunity for a mean reversion amid fresh positive data for the USD.

In his latest #SaxoStrats video John outlines the reasons behind his trade. 

Entry: Long NZD put/USD call, strike price 0.7400, expiry July 21 (costs 109 pips at spot reference of 0.7670 on April 21). 
Time horizon: Three months or begin hedging if spot trades well below 0.7200.