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Wednesday, 1 June 01:27 (GMT -05:00)



Business And Politics News

New Zealand foreign trade is showing a steady increase


 

Forex news. During August New Zealand manufacturing companies have exported more own goods than a month ago. Import has also risen during August, with oil and petrol becoming the leaders of growth, which has lead to $641 mln. trade balance deficit. Export has risen by more than a quarter in comparison with the lowest point in 2009 and remains record, according to Statistics New Zealand.

A traditional deficit of foreign trade is observed in August. However, this year the deficit amounts to 19% of export, whereas last August it amounted to 27% of export.


Export has increased by $313 mln. due to meat and foodstuffs. Import has increased by $523 mln. due to oil, petrol, power-operated cars, and equipment.

New Zealand dollar maintains correction motion towards long-term bullish trend at Forex market. The experts of the Department of Masterforex - V Trading System explain that once the currency pair has broken pivot MF, it has started forming bear impulse, which may be reversal. However, stopping at a sloping channel suggests that ascending motion within wave с(С) of Weekly level may last. The maximal point at the beggining of August – 0.8841 – will form resistance. Breaking a sloping channel may signal about the formation of reversal impulse provided that there is support of АО index. Such index can later start a correction motion or reverse a long-term tendency.

 

 

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U.K. Counts Possible Financial Losses In Case Of Brexit

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Publication date: 26 May 07:32 AM

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Publication date: 04 May 11:12 AM

Fed Leaves Interest Rate Unchanged

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Publication date: 03 May 05:07 PM

Saudi Arabia Ready to Reduce Oil Dependence

Not so long ago, a representative of the Saudi King’s was reported to have introduced a new development plan for Saudi Arabia until the year of 2030. It is named Vision 2030. The plan reveals the local authorities’ intention to introduced some fundamental changes to the country’s economy and financial system. They are aware of the serious dependence on crude oil exports, which is why they want to reduce this exposure to the international market of crude oil by making the local economy more diverse and less dependent on the local oil industry, especially amid still low oil prices and great uncertainty dominating today’s financial markets in general and the global oil market in particular.

 

Publication date: 03 May 10:03 AM

Saudi Arabia’s Oil Games May Be Dangerous to Both Russia and USA

According to Andrey Gudkov, an observer for Deutsche Welle, the oil games played by Saudi Arabia may present danger to Russia and the USA. The be more specific, the observer says that the Saudis are playing dangerous oil games. They have been playing similar games in security and politics. Now they are playing those in macroeconomics. For instance, it was Saudi Arabia who intentionally disrupted the recent oil summit in Doha. On top of that, the Saudis announced their intention to sell tons of U.S. bonds to a stunning amount of $750 billion. Such unexpected steps may undermine financial markets worldwide and eventually affect a number of major and emerging economies, including Russia and the USA.

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Publication date: 07 April 08:19 AM

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