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Saturday, 21 October 04:16 (GMT -05:00)



Foreign exchange market

Unemployment Data Weaken Kiwi


The New Zealand Dollar stays under the pressure of internal news. In particular, New Zealand has seen an increase in the rate of unemployment. In Q3 2012, the rate of unemployment reached the highest level since 1999.

 

  
 

 

 

The impact is so immense that even the positive news from the domestic housing market have failed to make up it.
 
According to Chris Hunter, manager for Western Union Business Solutions, says that despite higher housing prices (+2.4% in October), investors are currently focused on the unemployment stats as these data are more relevant. This is the major factor that affects the NZD exchange rate.
 
Forex.
 
The chart below, courtesy of Masterforex-V Academy, reflects the current state of affairs in the market of NXDUSD. The currency pair is currently forming a bearish wave.
 
A break above 0.8122 will set a new target around 0.8099. The current bearish move will be completed as soon as the price overcomes the top of the MF sloping channel and consolidates above 0.8122 (as shown below).
 

 

 

 

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Duckascopy Offers Most Favorable Trading Conditions to Forex Traders

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Publication date: 19 October 10:36 AM

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Publication date: 14 October 03:28 AM

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Publication date: 10 October 10:10 PM

Miners Start Panicking as Some Cryptocurrencies Start Going Down in Value

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Publication date: 08 October 01:34 PM

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Publication date: 08 October 05:40 AM

Masterforex-V Expo Names Best Forex Brokers for Beginners in September 2017

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Publication date: 05 October 08:54 AM

Goldman Sachs Will Trade Bitcoin

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Publication date: 02 October 09:28 PM

Euro, Pound, Yen, and Franc Prospects for the first Week of October

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Publication date: 02 October 10:06 AM

NordFX is the best broker, FIBO Group, XM.com and FxPro are the worst brokers based on trader feedback

Many of those who make their first steps in forex trading usually search for customer feedback before going with a certain forex broker. Evaluating a broker through customer feedback, including various review on the Internet, is a major factor to consider, though a rather biased one. Basically, that’s the reason why customer feedback is only one of those 20 criteria (licenses, expertise, offices, trading conditions, and so much more) used by Masterforex-V Expo to create various ratings of FX brokers.

Publication date: 30 September 08:47 AM

What is the best place to store cryptocurrencies?

The most common reason why people get their digital currencies stolen is that their e-wallets are often poorly secured and therefore vulnerable. Apparently, such apps do have vulnerabilities. However, there are certain tips and tricks that will help you to increase your security when it comes to storing digital currencies, Market Leader reports.

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