The Kiwi is getting closer to the 2015 low

June 17, 2015

Sell on a level breakthrough of 0.6940 with 0.6870 target. Stop loss = 0.6990.

Reason for the trading strategy

The current account surplus of New Zealand's balance of payments in Q1 2015 amounted to 662 million NZ dollars, with a forecast of 190 million NZ dollars. In spite of the positive statistics, the demand for the Kiwi remains low. Investors expect a further reduction in the yield spread between the New Zealand and the US bonds.

Publication source
EXNESS information  EXNESS reviews

February 17, 2017
US dollar poised to end the weak on a bearish note
The US economic data continued to post strong gains with building permits and Philly Fed manufacturing index beating expectations strongly. However, the markets were not quite impressed despite the data points supporting the hawkish Fed for more rate hikes...
February 17, 2017
Brent remained rather unchanged
There seems to be little drive for any real direction now. Brent remained rather unchanged on Thursday staying in a tight range above 55.50 dollars per barrel. The Asian upward impetus lost it legs when European markets opened...
February 16, 2017
U.S. dollar remained near its fresh highs
After touching the level 1.0550 the euro bounced off and was able to reverse a minor part of its losses. The overnight’s recovery attempt stalled just under 1.0600 barrier. The pair came under renewed selling pressure and slipped into negative territory in the late Asian session...

OctaFX Rating
Larson&Holz IT Ltd Rating
Vantage FX Rating
FxPro Rating
EXNESS Rating
Tickmill Rating

Migesco Rating
Empire Option Rating
Anyoption Rating
EZTrader Rating
Banc De Binary Rating
UKoptions Rating