Thinking of trading NZD/USD?
- 1. The physical proximity and close trading relationship with Australia make of this a potential correlation with the AUD pairs. Therefore, those who are already trading the AUD could also double their exposure with the NZD/USD, also If you follow fundamental analysts and events such as the Dairy Index and Tourism you should definitely get involved with this pair. 2. New Zealand exports much of powder milk to China. Accordingly, any move in the Chinese economy, like GDP growth or slowing, is very significant, because when the demand for New Zealand products go up, the milk price will also increase, which will boost the NZD against its rivals. If you are a trader that follows the Chinese currency and events, you should definitely add this pair to your portfolio.
Trading CFDs involves significant risk of loss
How would you like to trade NZD/USD?
- Tight spreads & reliable execution
- 70+ pre-installed indicators
- Custom indicators
- 26 time frames
- Live Sentiment data
- Chart trading
- Advanced Take Profit & Stop Loss
- Depth of Market
Trading CFDs involves significant risk of loss
- Vast selection of strategies to copy
- Efficient risk management
- Can start and stop copying at your will
- Flexible allocation of funds
- Detailed performance reports
- Full transparency & access to historical data
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Trading CFDs involves significant risk of loss
For beginners:
- Great choice of available cBots for various trading strategies and risk tolerance levels
- Simple Plug and Play functionality
For advanced traders:
- Ability to create your own cBot or custom indicator
Trading CFDs involves significant risk of loss
Trade NZD/USD with Fondex. Our CFD trading platform is engineered to provide you with optimal execution speed while allowing you to access 3 different trading methods on the same interface.
1. Due to its low margin, NZD/USD can be quite tricky to trade. This means that overtrading is a common problem, so this pair should only be traded by experienced investors, as those who are beginners in the Forex market may find that they experience unexpected losses when attempting to trade these currencies. 2. The main economic indicators that could affect the NZD/USD pair would be: Interest rate decision from the RBNZ, the GDP of both nations, CPI of both countries, the Producer Price Index, employment changes, trade balance and several political events such as trading news with Australia or China.
Risk Disclaimer Fondex provides this content/feature as no more than information. In particular, no advice is intended to be provided or to be relied on as provided nor endorsed by Fondex, nor any solicitation or incentive provided to subscribe for or sell or purchase any financial instrument or to join and/or terminate any of the trading strategies. The Investor is solely responsible for the choice of the signal provider, choice of trading strategy, the choice whether to sell or purchase any financial instrument on his/her trading account and monitoring of the trading activities. All trading or investments you make must be pursuant to your own unprompted and informed self-directed position. Please keep in mind that past performance is no guarantee of future results.
For more information, please view the 'Risk Disclosure'