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

RELATED QUOTES

SymbolPriceChange
NZDUSD=X0.8561-0.006

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.

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
    1.2580+0.0026+0.21%
    USDSGD=X
    1.7400+0.0053+0.30%
    EURSGD=X
    2.1132+0.0066+0.31%
    GBPSGD=X
    81.3569-0.3169-0.39%
    SGDJPY=X
    6.1630-0.0126-0.20%
    SGDHKD=X
    2.5985-0.0027-0.10%
    SGDMYR=X
    9,256.3887-43.2959-0.47%
    SGDIDR=X
    4.9671-0.0016-0.03%
    SGDCNY=X
    1.1651-0.0009-0.07%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,289.50+4.90+0.38%
    GCM14.CMX
    19.65+0.21+1.09%
    SIK14.CMX
    92.39-0.48-0.52%
    ^XAU
    3.12+0.07+2.14%
    HGK14.CMX
    101.92+0.48+0.47%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.75+0.04
    ^FVX
    2.70+0.01
    ^TNX
    3.48+0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.123+0.001+0.82%
    B22.SI
    0.15+0.008+5.63%
    545.SI
    0.635+0.040+6.72%
    5WH.SI
    0.615+0.005+0.82%
    E5H.SI
    1.355+0.005+0.37%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    20.00+4.200+26.58%
    K6S.SI
    1.215+0.190+18.54%
    S53.SI
    0.415+0.045+12.16%
    570.SI
    1.345+0.130+10.70%
    5DA.SI
    0.154+0.014+10.00%
    5GD.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.053-0.059-52.68%
    5TF.SI
    1.62-0.520-24.30%
    N02.SI
    0.20-0.020-9.09%
    E94.SI
    0.179-0.013-6.77%
    567.SI
    0.30-0.020-6.25%
    508.SI