Forex News: NZD/USD Holds Steady at New Zealand Trade Balance Surplus

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.7248+0.0018

THE TAKEAWAY:NZD Trade Balance (Dec) > $+486m versus $-105m expected, from $-700m > Technical Picture Still Grey For Kiwi > NZDUSD Neutral

The Kiwi continues its correction off 0.8275 lows, now extending as high as 0.8350 resistance, following improved trade balance data in New Zealand. New Zealand reported a $486 million trade surplus in December compared to Novembers $700 million. Markets expected a $105 million deficit. Exports were up to $407 billion versus $3.98 billion, while imports were down at $3.54 billion versus $4.07 billion.

The technical picture is still grey for the interest of longs Kiwi. Only a recovery and subsequent hold above the 0.8350 may shift the focus to round 0.84.

NZDUSD 1-minute Chart: January 28, 2013

NZD_Trade_Surplus_body_Picture_1.png, Forex News: NZD/USD Holds Steady at New Zealand Trade Balance Surplus

Chart from FXCM Trading Station, created by Courtney Edwards

The NZD/USD held steady after New Zealand’s trade balance rose more than expected. There was a 20 pip rise in the Kiwi as New Zealand reported the surplus.

--- Written by Courtney Edwards, DailyFX Research

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

--

Did you know that you can get stories like this on the Yahoo mail app?
Download it here.
Loading...
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3504+0.0001+0.01%
    USDSGD=X
    1.4696+0.0012+0.08%
    EURSGD=X
    2.0786+0.0015+0.07%
    GBPSGD=X
    91.1360-0.0172-0.02%
    SGDJPY=X
    5.7408-0.0004-0.01%
    SGDHKD=X
    2.6944-0.0008-0.03%
    SGDMYR=X
    9,794.4336-5.6045-0.06%
    SGDIDR=X
    4.5960+0.0014+0.03%
    SGDCNY=X
    1.0464+0.0019+0.18%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,187.80+0.90+0.08%
    GCM15.CMX
    16.77+0.03+0.17%
    SIN15.CMX
    68.69-2.56-3.59%
    ^XAU
    2.79+0.01+0.29%
    HGN15.CMX
    58.34+0.31+0.53%
    CLN15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.52-0.04
    ^FVX
    2.14-0.08
    ^TNX
    2.89-0.09
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.700.000.00%
    Q1P.SI
    0.81-0.01-1.82%
    N21.SI
    0.295+0.005+1.72%
    5WA.SI
    0.915-0.005-0.54%
    G13.SI
    0.270.000.00%
    B0Z.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.182+0.024+15.19%
    GJ8.SI
    0.149+0.014+10.37%
    L10.SI
    1.12+0.09+8.21%
    S85.SI
    0.15+0.01+7.14%
    5MD.SI
    0.68+0.05+7.09%
    L5I.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.19-0.06-24.00%
    41H.SI
    0.141-0.039-21.67%
    PH0.SI
    0.305-0.075-19.74%
    5NF.SI
    1.50-0.28-15.73%
    AYB.SI
    0.375-0.040-9.64%
    AWK.SI