Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

NZD/USD TRADING GUIDE: TRADE BALANCE

NZD/USD TRADING GUIDE: TRADE BALANCE 2 (March 26, 2014)

New Zealand is scheduled to release its trade balance for February in the upcoming Asian trading session. Analysts project the trade surplus to widen from January’s 306 million NZD surplus to 595 million NZD, reflecting better trade activity for the past month.

A quick look at NZD/USD’ reaction to mixed data back when the January figures were release still reflects underlying Kiwi strength. Back then, the actual figure came in stronger than the estimated 230 million NZD reading but the previous month’s surplus was revised down from 523 million NZD to 493 million NZD, showing that the initially reported trade activity was not as strong.

NZD/USD TRADING GUIDE: TRADE BALANCE 3Despite that, NZD/USD managed to hold on to its gains during the February 26 release date and even go for more. The currency pair was kept on its uptrend mostly by interest rate hike expectations from the RBNZ (Reserve Bank of New Zealand).

NZD/USD is currently testing a short-term uptrend line visible on its 4-hour and 1-hour time frames, indicating that further rallies could be in the cards if the actual figure comes in better than expected. Bear in mind that NZD/USD is supported by a positive interest rate differential between the Fed and the RBNZ. However, weakening risk appetite is preventing the pair from staging significantly strong rallies for now.

On the other hand, a smaller than expected trade surplus or a deficit might lead to a downside break from the trend line. This might usher in a short-term selloff for the pair, as the RBNZ has been blaming Kiwi strength for the weakness in the country’s exports lately. If the trade balance reflects this slowdown, RBNZ officials might grab the opportunity to jawbone the Kiwi later on.

To keep yourself updated with the latest financial news, visit the official website of Capital Trust Markets

Capital Trust Markets is an online Forex brokerage firm, headquartered in New Zealand. It was established in 2013, with an emphasis on providing the most excellent customer services in the industry. The trading environment offered to investors and traders is unparalleled – devoid of all common mistakes usually prevalent in the financial trading industry. The focused determination to provide the highest quality products, services, and support to clients and customers is what truly sets Capital Trust Markets apart from every other major brokerage firm.