New Zealand posted a merchandise trade deficit of NZ$113 million in June, Statistics New Zealand said on Wednesday - representing 2.3 percent on exports. The headline figure missed expectations for a surplus of NZ$200 million following the downwardly revised NZ$208 million surplus in May (originally NZ$294 million). more...
New Zealand posted an unadjusted current account surplus of NZ$182 million in the first quarter of 2018, Statistics New Zealand said on Wednesday. more...
The New Zealand Dollar looks set to test below the 0.76 figure against the US Dollar after narrowly overcoming chart support. A daily close below the 0.7556-80 area marked by the bottom of a falling channel and the 23.6% Fibonacci expansion exposes 38.2% level at 0.7401. Alternatively, a reversal back above the 14.6% Fib at 0.7691 opens the door for a test of channel top resistance at 0.7827. A very narrow break of support and the Hammer-like structure of the latest candle hint at elevated ...
The AUD/USD starts out 2015 in a position to decline further after a weak close in December. Last month, the Forex pair reaffirmed its downtrend on the monthly chart with its sustained move under the previous main bottom at .8659 and the major 50% level at .8545. Both of these prices are resistance in January. Additional resistance angles come in at .8544 and .8556. The best area to sell on a retracement is the resistance cluster at .8544 and .8545. ...
Although there has been much press recently about the US Dollar loosing its status, there is no doubt that as of this lesson and most likely for the foreseeable future, the US Dollar still reigns supreme over all other currencies of the world. The price for the majority of traded commodities such as oil is quoted in US Dollars and the US Dollar represents over 60% of the worlds currency reserves (the currency held by central banks to back their liabilities). These facts combined with the fact that ...
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