New Zealand Trade Balance | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Progressive lots sizing based on account balance and tracking balance 3 replies

New Zealand Interest Rate 1 reply

New Zealand's Dollar `Overvalued' and Will Weaken, Says Goff 27 replies

Um, what just happened in New Zealand? 86 replies

usa trade balance cad trade balance 6 replies

New Zealand Trade Balance

  • #1
  • First Post: Aug 23, 2006 4:45pm Aug 23, 2006 4:45pm
Any comments on this announcement (Forecast: -455M; Previous: -214M).

I couldn't locate the history of this announcement on Forex Factory website, so I'm not quite sure if it results in a major move (or at least 30 to 50 pips).
  • #2
  • Aug 23, 2006 4:46pm Aug 23, 2006 4:46pm
I would also like to know if anyone has charts or experience trading the NZ Trade Balance.

Thanks
  • #3
  • Aug 23, 2006 5:26pm Aug 23, 2006 5:26pm
yeah last week was the first week we start covering NZD. trade balance is usually not a big deal unless there is a surprise in it.
Relax and be happy.
  • #4
  • Aug 23, 2006 5:28pm Aug 23, 2006 5:28pm
Ok, thanks Merlin. I will just demo trade it and see what happens.
  • #5
  • Aug 23, 2006 5:48pm Aug 23, 2006 5:48pm
Looks like it was released abt 30 secs early. Also, broker increased the spread to 10-15 pips , so no trade for me on this.
  • #6
  • Aug 23, 2006 5:54pm Aug 23, 2006 5:54pm
Well I learned that this news does appear to move the markets, when the numbers are off enough. I traded it on forex.com demo account and I made $27. I am up +27 pips. I shorted NZD/USD @ .6393 and bought it back at .6366.
  • #7
  • Aug 23, 2006 5:54pm Aug 23, 2006 5:54pm
Quoting forexplayer
Looks like it was released abt 30 secs early. Also, broker increased the spread to 10-15 pips , so no trade for me on this.
Dump Oanda.. they have lost it. Still a good broker. They won't requote you.. but still.. it is annoying. Start searching for other brokers. I started looking about 1 month ago and am sllooowwly finding some stuff .

Good luck,
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #8
  • Aug 23, 2006 6:18pm Aug 23, 2006 6:18pm
Well it seems Oanda smarten up when it realized that a lot of people were using it to trade the news. It was recommended by Forexbastards and other sites that promised news trading.



Quoting StockKJay
Dump Oanda.. they have lost it. Still a good broker. They won't requote you.. but still.. it is annoying. Start searching for other brokers. I started looking about 1 month ago and am sllooowwly finding some stuff .

Good luck,
  • #9
  • Aug 23, 2006 6:19pm Aug 23, 2006 6:19pm
well i was unable to trade this release successfully. i saw the price moving way before the release which is a big sign for me to get out of the way. when my bloomberg fired the move was 75% done. i was up a few pips and i ended up closing on a bad tic and lost $100 on a 5 lot trade.

my friend told me afterward that bloomberg does not keep up to the second real time data for NZD. well you can bet your last pip my 20k per year to bloomberg is going to be in question at this point. make sure when you sign up with bloomberg to get a one time exit written into your contract. i can cancel now and not pay the rest of the 2 year agreement.

word on the street is brokers are going to start shutting down at news times due to the popularity of news trading groups. i'm just starting mine on the first with live real time signals too. shucks. well i guess we're ahead of the pack because we already negotiated pass through with desks. ha. gotta be one step ahead my friends.
  • #10
  • Aug 23, 2006 6:27pm Aug 23, 2006 6:27pm
Quoting merlin
yeah last week was the first week we start covering NZD. trade balance is usually not a big deal unless there is a surprise in it.
Thanks Merlin.

The news moved the market but in my opinion it didn't worth of trading. I didn't do it and I'm happy I didn't get trapped.
  • #11
  • Aug 23, 2006 9:33pm Aug 23, 2006 9:33pm
I traded and made 10 pips.

As I said, trade this news conservatively both in TP and in LOT size.
  • #12
  • Aug 23, 2006 9:39pm Aug 23, 2006 9:39pm
Quoting BurgerKing
I traded and made 10 pips.

As I said, trade this news conservatively both in TP and in LOT size.
What broker was that with , BK? Any widened spread or slippage? tia.
  • #13
  • Aug 23, 2006 9:48pm Aug 23, 2006 9:48pm
Quoting forexplayer
What broker was that with , BK? Any widened spread or slippage? tia.
The worst broker that we all know: FXCM

FXCM does not monitor minor news like this one, I can freely place orders and fear no slippage as well.

FXCM suck when it comes to big news like NFP, FOMC, CPI, PPI...

Now I know how FXCM works, I now know how to take the advantage of them to rake in some profits.
  • #14
  • Aug 24, 2006 4:14am Aug 24, 2006 4:14am
Hi, BK.
I traded NZD Trade Balance with small local broker, and took 14 pips ($1400).
But my broker is going to change his trading conditions and I'm looking for a new one.
Do FXCM slip stop orders at news like GBP CPI, PPI, Retail Sales & CAD NFP,CPI, PPI, Retail Sales? Up to what volume FXCM honour stops?

Thanks in advance
  • #15
  • Aug 24, 2006 4:31am Aug 24, 2006 4:31am
Quoting minfin
Hi, BK.
I traded NZD Trade Balance with small local broker, and took 14 pips ($1400).
But my broker is going to change his trading conditions and I'm looking for a new one.
Do FXCM slip stop orders at news like GBP CPI, PPI, Retail Sales & CAD NFP,CPI, PPI, Retail Sales? Up to what volume FXCM honour stops?

Thanks in advance

Dont open an account with FXCM if you are a News Trader.

I am about to close it down. FXCM does not allow yuo to trade major news like NFP.. If you cant do that, then what else is there to trade?

IF however you are satisfied with minor news, then FXCM is the best place to do that.
  • #16
  • Aug 24, 2006 4:34am Aug 24, 2006 4:34am
Hi King,

Did you trade euro news or not?
  • #17
  • Aug 24, 2006 4:59am Aug 24, 2006 4:59am
Quoting BurgerKing
FXCM does not allow yuo to trade major news like NFP.. If you cant do that, then what else is there to trade?

IF however you are satisfied with minor news, then FXCM is the best place to do that.
Is there a broker that guarantee stop orders during major fundmental announcment? I don't think so. I'll be happy with broker that fill my stop orders at minor news without slippage. I can make $300k annually with such a broker.

GL&GT
  • #18
  • Last Post: Aug 24, 2006 5:04am Aug 24, 2006 5:04am
Not all eur news.

There are two types of EUR news: EUR-12 and individual country news.

Individual country news does not move the EUR currency much as the news has little impact to the whole EURO zone. Do you agree?

EUR-12 news are news for the whole EURO zone such as EUR GDP and EUR rate hike. However, some of these news are already known ahead of time. Example, for EUR CPI, we'd be able to get reports for individual country's CPI and by the time EUR CPI is released, it has little impact altogether.

The only hot EUR news that I trust is the EUR rate hike. And perhaps the ZEW report...

I am still new to news trading; lost a good amount last month trading on useless unimportant news. then I do the research and realized not all news are worth the attention (especially sick JPY news)

Quote
Is there a broker that guarantee stop orders during major fundmental announcment? I don't think so. I'll be happy with broker that fill my stop orders at minor news without slippage. I can make $300k annually with such a broker.

Very True.
0 traders viewing now