{"id":867,"date":"2021-04-01T14:41:27","date_gmt":"2021-04-01T17:41:27","guid":{"rendered":"https:\/\/wintrademarkets.com\/news\/?p=867"},"modified":"2021-04-01T14:41:30","modified_gmt":"2021-04-01T17:41:30","slug":"nzd-usd-entry-around-0-7000-offers-attractive-risk-reward-for-longs-cibc","status":"publish","type":"post","link":"https:\/\/wintrademarkets.com\/new\/2021\/04\/01\/nzd-usd-entry-around-0-7000-offers-attractive-risk-reward-for-longs-cibc\/","title":{"rendered":"NZD \/ USD: Entry Around 0.7000 Offers Attractive Risk Reward For Longs &#8211; CIBC"},"content":{"rendered":"\n<p>CIBC Research discusses NZD \/ USD outlook and likes long exposure around current levels.&nbsp;<\/p>\n\n\n\n<p>&#8220;Our forecast for NZD \/ USD was then, and now for spot to reach 0.7450 at end-2Q. The rally to that point in late February was thus ahead of expected timing,&#8221; CIBC notes<\/p>\n\n\n\n<p>We still expect strength to occur.&nbsp; The basis for our positive view is underlined by a strong rebound in domestic activity, that in turn has been and will now remain supported by accommodative monetary and fiscal policy.&nbsp; Considering that, the current pullback to around 0.7000 allows entry to bullish trades, at levels we believe offer attractive risk reward.&nbsp; We recommend an 0.7150 \/ 0.7400 3-month NZD \/ USD call spread, &#8220;CIBC adds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CIBC Research discusses NZD \/ USD outlook and likes long exposure around current levels.&nbsp; &#8220;Our forecast for NZD \/ USD was then, and now for spot to reach 0.7450 at end-2Q. The rally to that point in late February was thus ahead of expected timing,&#8221; CIBC notes We still expect strength to occur.&nbsp; The basis [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":826,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"class_list":{"0":"post-867","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-daily-news"},"_links":{"self":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/867","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/comments?post=867"}],"version-history":[{"count":1,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/867\/revisions"}],"predecessor-version":[{"id":868,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/867\/revisions\/868"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media\/826"}],"wp:attachment":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media?parent=867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/categories?post=867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/tags?post=867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}