26.06.2015 - New Zealand's trade balance could not change the mood of investors

The price of the New Zealand dollar continues to fall, despite the publication of positive statistics on the trade balance of the country. Thus, the trade surplus in New Zealand in May totaled 350 million, against an expected deficit of 90 million. Despite this, for the year, the trade deficit totaled 2.57 billion. The main reason that continues to adversely affect the indicator remains lower prices for dairy products. Thus, the cost of milk powder for the year fell by 28% compared to the same period of the last year. Exports rose 5.5% in May compared with April, while imports rose by 1.5%. Investors continue to monitor the situation in China, which is the main trading partner of the country. We recommend to keep short positions and maintain the medium-term negative outlook.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.