Thinking of trading GBP/NZD?
- 1. Powder milk is one of the top exports to China. Accordingly, any move in the Chinese economy, like GDP growth or slowing, is very significant to the pair's direction, as when the demand for New Zealand products go up, the milk price will also increase, which will boost the NZD against its rivals. You should definitely get involved with this pair if you are a trader that follows the Chinese currency and events. 2. 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 GBP/NZD, also If you follow fundamental analysts and events such as the Dairy Index and Tourism you should definitely get involved with this pair.
Trading CFDs involves significant risk of loss
How would you like to trade GBP/NZD?
- 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
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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
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For advanced traders:
- Ability to create your own cBot or custom indicator
Trading CFDs involves significant risk of loss
Trade British Pound to New Zealand Dollar with Fondex. Daily trading signals, fast & reliable execution, advanced technical analysis tools, and many more on Fondex.
1. Any interruption to large external investments from the UK will impact the currency rates. As Britain's economy is much larger than the Kiwi's economy, the pair is likely to move more heavily on one side than the other when economical events have place. Uncertainty like the Brexit can put additional pressure on the pair. 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.
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