SurfNZ Forex


Useful links:

Practice Forex Trading
GFT Forex Trading


SurfNZ Forex provides useful forex news and exchange rates.

Forex news:

EUR Could Remain Strong After Draghi Notes Downside Risks Diminishing
China’s Market News: PBOC’s Talks Dim the Outlook of a Digital Currency
Peso Losses to Accelerate - USD/MXN Targets Critical Resistance
Japanese Yen Outlook Remains Mired by Dovish BoJ- RSI Trigger on Tap?
React to the Reaction: ECB, BoJ Temper Tapering Concerns
Euro May Fall as Dovish Draghi Sets Stage for ECB QE Change
Crude Oil Price Recovery Aborted as Trump Tax Plan Disappoints
ECB to Reduce QE- Euro Vulnerable to Dovish Draghi
Trump’s Tax Plan Leads USD Higher Before Central Bank Showdown
USD/CAD Unfazed by Weak Canada Retail Sales; RSI Divergence Emerges
Euro, Yen Are Primed for BoJ, ECB Rate Decisions
US Dollar Gains as Tax Plan Hopes Rekindle Trump Trade
Gold Prices Drop as Markets Set Sights on Trump Tax Plan
Trump’s Tough Tariff Talk Awakens CAD & MXN Bears
Upbeat Australia 1Q Consumer Price Index (CPI) to Curb AUD/USD Losses
Silver Prices Testing Key Support Hurdle
GBP/USD Breakout Capped by Near-Term Holding Pattern Ahead of UK GDP
AUD/USD Levels to Know for Australia CPI Tonight
Brexit Briefing: Polls Show UK Ruling Party Extending Its Power Base
DXY Index Hanging onto LT Trendline Support by a Thread
Australian, NZ Dollars Drop on Firming Fed Outlook - Will it Last?
Narrowing U.S. Consumer Confidence to Fuel EUR/USD Breakout
Crude Oil Prices Look to Inventory Data for a Lifeline
EUR Breaks Higher To Open Week with Largest Gap Open on Record
EUR/AUD Gaps Into Resistance- Pullback to Offer Opportunity

Exchange Rate Information:

ANZ Bank
ASB Bank
BNZ Bank
National Bank

How to spot trading opportunities in forex

By Zoe Fiddes, easy-forex

When buying stocks and bonds, the goal is to profit from dividend and interest income and appreciation in value. In the forex market you buy or sell currencies which are traded in pairs, with the goal of trying to profit from appreciation or depreciation of one currency versus the other. Knowing when to buy or sell a currency may appear daunting for those unfamiliar with the forex market but there are some basic guidelines forex traders use to spot trading opportunities.

To spot trading opportunities, most traders rely on fundamental or technical analysis or a combination of the two. Fundamental analysis includes economic data, political developments, central bank monetary policy decisions and global events. Technical analysis focuses on forecasting based on market price action using a number of methods to interpret chart patterns and identify market direction.

Fundamental analysis usually begins with an economic calendar. Currency markets tend to make price moves in reaction to economic reports as they are the main barometer of a countrys economic health. Forex trading platforms like easy-forex provide economic calendars which include regularly scheduled economic releases from all the major developed economies and help to determine the importance of these economic reports and potential impact on the currency markets. Fundamental analysis will also look at issues of political stability and changes in central bank monetary policies which can significantly impact currency price moves.

For the past four years, price movement in most financial markets including stocks, bonds and currencies, have been greatly influenced by risk sentiment. When risk aversion rises, traders may liquidate positions in riskier assets and shift funds to less risky assets, seeking safe haven in currencies like the US dollar (USD), Swiss franc (CHF), Japanese yen (JPY) and gold. The downgrade of the US debt rating and the EU crisis helped propel gold to a record high last year.

Conversely, when risk aversion subsides, there is greater demand for riskier assets and higher yielding currencies like the Canadian, Australian and Kiwi dollars. One of the best starting points to determine whether to buy or sell a currency is to monitor economic and global news that contribute to risk sentiment.

A recent example of this type of dynamic is the euro currency selling at a 16 month low versus the USD in reaction to concern about the EU debt crisis. Economic and regional news that shows escalation in the EU debt crisis may spark additional selling pressure of the euro. Positive news that dampens fears about the crisis may encourage buying of the currency.

Technical analysis usually starts with identification of chart patterns. There are a multitude of tools that are used to interpret chart patterns. Currency trading platforms like easy-forex provide free chart packages that can help spot technical buy and sell opportunities based on market price action.

Forex markets often move in identifiable long-term trends. Despite what many would consider negative economic fundamentals in Japan that include weak growth, low interest rates and a rising budget deficit, the JPY has been in a strong uptrend against the USD rising to an 11 year high in 2011. JPY is supported by safe haven demand and risk aversion. Technical analysis can be used to spot a trading opportunity and help gauge if the trend for the USD/JPY will continue.

Zoe Fiddes

UK Branch Manager


Disclaimer: Please note that forex trading (OTC trading) involves substantial risk of loss, and may not be suitable for everyone. The information provided is based on data generated by third party investment research providers. easy-forex does not assume any liability as to the accuracy of such information. This information shall be used for reference only and it is not binding on easy-forex. This is not an advertisement or a recommendation by easy-forex in engaging / binding you in any forex transactions.

Web SurfNZ Forex

Press Ctrl-D to bookmark this page



This page has been accessed 6988 times.