NZDUSD: consolidation after the publication of macroeconomic statistics for China

March 11, 2015

Sell on a level breakthrough of 0.7227 with 0.7175 target. Stop loss = 0.7277.

Reason for the trading strategy
In January, the volume of industrial production in China decreased from 7.9% (y/y) to 6.8% (y/y), investment in fixed assets decreased from 15.7% (y/y) to 13.9% (y/y), and retail sales decreased from 11.9% (y/y) to 10.7% (y/y). The data reflects a decline in the business activity in the largest Asian economy, which could put pressure on commodity assets.


Publication source
EXNESS information  EXNESS reviews

December 8, 2016
Banks guidance ahead of the ECB meeting
It seems that everything is clear the ECB will extend its asset-purchasing program, and send the euro lower. But banks smell a rat in this announcement. The ECB should introduce more easing measures...
December 8, 2016
Prepare for the ECB meeting outcome
The currency market has lost some volume, as traders are closing their positions ahead of Christmas and New Year’s celebrations. Investment funds are in no hurry to open new positions; they rather prefer to be actively trading in January...
December 7, 2016
Will ECB support Italy?
The yield of the Italian sovereign debt fell on Tuesday as the focus moved to the political uncertainty on the market. After Renzi’s crash on the weekend and the expectations of the ECB measures to deal with the possible fallout of the financial markets...

Vantage FX Rating
XM Rating
Tickmill Rating
FIBO Group Rating
 FXTM Rating
Fort Financial Services Rating

IQ Option Rating
OptionFair Rating
Grand Option Rating
Porter Finance Rating
Beeoptions Rating
OptionsXO Rating