New Zealand’s Trade Balance, February 2017

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.

 

GBP/USD

Buy Stop : 1.2491

Sell Stop : 1.2466

 

EUR/USD

Buy Stop : 1.0803

Sell Stop : 1.0775

 

AUD/USD

Buy Stop : 0.7686

Sell Stop : 0.7650

 

USD/CHF

Buy Stop : 0.9940

Sell Stop : 0.9908

Forex Trading Signal 22 March 2017

Faced with this Crude Oil Inventories (USD) news release on 21.00 pm tonight, the market expects an increase from the previous figure. While in the previous release of Crude Oil Inventories figure or crude oil reserves exist in the position of minus 0.2m, this time the market predicts that the COI will be 1.9M.

Trader should be careful because this is a fundamental indicator which can be positive but also at the same time can have a negative impact. There is no consistent effect – it is possible implications for inflation or growth. Another thing to note is although this is a US indicator, but is influenced by the energy sector in Canada.

Another fundamental news that should be observed is the Existing Home Sales (USD). The Existing Home Sales properties seems not indicating high impact issue to the forex market, but it is important also to be taken into consideration in the analysis.

Free Forex Signal
For traders who need it, I gave the signal for free to you (the effective trading time on Monday (3/22/2017) at 09.00 until Tuesday (7/23/2017) morning at 03.00 GMT + 7):

GBP/USD
Buy Stop : 1.2496
Sell Stop : 1.2454

EUR/USD
Buy Stop : 1.0820
Sell Stop : 1.0787

AUD/USD
Buy Stop : 0.7671
Sell Stop : 0.7650

USD/CHF
Buy Stop : 0.9951
Sell Stop : 0.9929

Trading Signal 20 March 2017

Trading Signal 20 March 2017

We dont expect quite much movement on the trading floor.

Earlier this week the activity triggers the movement of foreign exchange is not too much. According to the forex calendar, news which is expected by traders can have a significant impact is the Monetary Policy Meeting Minutes (AUD). In addition, some news is expected to make an impact with a medium degree is Wholesale Sales m / m (CAD), German Buba President Weidmann Speaks (EUR), FOMC Member Evans Speaks (USD), MPC Member Haldane Speaks (GBP), President Trump Speaks (USD), and news releases HPI q / q (AUD). Trump’s speech seems worth the wait. Still remember the effects of Trump’s speech some time ago against the movement of the dollar and the euro?

Here are the free signals to you (the effective trading time on Monday (3/20/2017) at 09.00 until Tuesday (7/21/2017) morning at 03.00 GMT + 7):

GBP/USD
Buy Stop : 1.2406
Sell Stop : 1.2372

EUR/USD
Buy Stop : 1.0765
Sell Stop : 1.0727

AUD/USD
Buy Stop : 0.7724
Sell Stop : 0.7686

USD/CHF
Buy Stop : 0.9984
Sell Stop : 0.9960