New Zealand’s Trade Balance, February 2017
Thursday (March 23, 2017) The market floor is quite busy today. There are many events that happened today which gives a considerable impact to the market. Some news events are worth waiting for, among others, the Official Cash Rate (NZD), RBNZ Rate Statement (NZD), Retail Sales m / m (GBP), Unemployment Claims (USD), Fed Chair Yellen Speaks (USD).
Above news release is considered a factor driving the market is quite strong. In addition to such news, some news that should be considered is the MPC Member Broadbent Speaks (GBP), Long Term Refinancing Operation (EUR), New Home Sales (USD) Speaks FOMC Member Kashkari (USD).
This country relies on the results of agricultural products and processed food for export, while its imports are limited to energy, machinery, textiles and plastics. The NZ main trading partners are Australia, China, US, European and Japan. The income from the results of international trade is very important for the economy of New Zealand.
This indicator measures the amount of the total value of imports minus exports in a period of one month compared to the similar period in the previous year (year over year or y / y). On the off chance that all out fares volume is more prominent than all out imports esteem, the exchange balance has an excess, and the other way around on the off chance that the estimation of all out imports is more prominent than fares, at that point exchange encounters a shortfall. An exchange surplus will expand the interest for the NZD money.
New Zealand’s trade in January again experienced a deficit of NZD 284.72 million (y / y), far lower than the forecast that the deficit of NZD 3.00 million and also lower than December’s deficit of NZD 36.22 million. In January 2017 y / y exports rose 0.3% to NZD 3.91 billion due to increased sales of dairy and butter products, while imports y / y rose 8.0% to NZD 4.19 billion.
For February 2017, it is estimated that New Zealand’s trade will be a surplus of NZD 160.00 million. A higher than expected surplus number will tend to cause NZD to strengthen.
Buy Stop : 1.2491
Sell Stop : 1.2466
Buy Stop : 1.0803
Sell Stop : 1.0775
Buy Stop : 0.7686
Sell Stop : 0.7650
Buy Stop : 0.9940
Sell Stop : 0.9908