Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


30.05.2011 08:20

Asian session: Strong data lift Kiwi to record high

New Zealand has recorded its biggest monthly trade surplus on the back of higher prices for dairy products, the country’s top export earner, in a positive sign for a nation hit hard by two recent earthquakes and years of weak economic growth.
The NZ$1.11bn ($908m) trade surplus for April was nearly double economists’ forecasts and helped push the New Zealand dollar to its highest level against its US counterpart since the currency was floated in 1985.
Fonterra, the dairy farmer’s co-operative that accounts for about a fifth of the nation’s exports, recently said that March was its best month for export volumes thanks to rising demand from China, south-east Asia and the Middle East.
Strengthening trade links with China have also helped drive the record trade surplus. Exports to China have risen by nearly 40% in the 12 months ended in March.
New Zealand’s gross domestic product rose 0.2% in the final quarter of 2010 compared with the three months ended September.
However, the devastation caused by February’s earthquake in Christchurch, the second seismic event within six months, is expected to see the economy shrink by about 0.2% in the three months ended in March.
Nevertheless, the economy is expected to strengthen as 2011 continues with growth of about 1.3% for the year, rising to 3.7% in 2012.

EUR/USD fell from Asian high on $1.4305 to the lows near $1.4255 before recovered a bit to current $1.4284. Resistance comes between $1.4285/90.

GBP/USD holds tight, challenging the placed between $1.6460/50 so far able to contain and support rate. Stops noted through $1.6445/40 with further support noted into $1.6430.

USD/JPY holds within the Y80.75/90.

There is no major data for today.
US markets are closed
for Memory Day holiday.
Among the figures from Canada investors may digest GDP and Trdae Balance data at 12:30 GMT.

30.05.2011 08:02

GBP/USD holds tighs

Market Focus

January 2017
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002

Quotes

All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.

To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

  • © 2011-2017 TeleTrade-DJ International Consulting Ltd

    TeleTrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.

    The company operates in accordance with Markets in Financial Instruments Directive (MiFID).

  • The information on this website is for informational purposes only. All the services and information provided have been obtained from sources deemed to be reliable. TeleTrade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.

  • TeleTrade cooperates with SafeCharge Limited, which is an electronic money institution authorized and regulated by the Central Bank of Cyprus and is a principal member of MasterCard Europe and Visa Europe. We also cooperate with Moneybookers and Neteller, which offer electronic e-wallet services authorized and regulated by the Financial Conduct Authority.

    Please read our full Terms of Use.

  • To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

    TeleTrade-DJ International Consulting Ltd currently does not provide its services to residents or nationals of the USA, and also doesn't provide retail Forex and CFD accounts to residents or nationals of Belgium.

Служба технической поддержки:
8-800-200-31-00, support@teletrade-dj.com

  • Онлайн-консультация
  • Заказать звонок
  • Написать письмо
Connect with Us
Share on
social networks
Online
consultant
Request a callback
Top Page