Forex Trading Strategies: New Zealand Dollar Halts Its Rally on Lower Retail Sales

Asia Forex Mentor
Price Action Forex Trading Strategies
www.asiaforexmentor.com

Greetings! My name is Ezekiel Chew, am a full time forex trader for 14 years to date. Welcome to our Price Action Forex Trading Community. This blog are some of the forex trading discussions which i like to share with you guys.

The main core of my purpose is to teach you how I trade the currency market using advanced Price Action forex trading strategies in combination with our full system. Asia Forex Mentor deals only in Real Live forex trading charts, enabling you to learn to trade the currency market successfully along side myself, a genuine full time forex trader who has mastered the art of price action trading. In spite of what you may have heard, a reliable forex strategy can be made quite simple using Price Action. If you don’t believe that, then you really need to check out my famous Free Forex Trading Strategies Blogs! I generously share with fellow traders, the numerous trading strategies and in depth market knowledge I have gained over the last 14 years.

I would like to ask you to enter the main website here:
www.asiaforexmentor.com
In the website, i teach hard core price action forex trading strategies and also post DAILY FREE 'PRICE ACTION FOREX TRADING STRATEGIES ' which you can subscribe for FREE!

In Your visit there, you will learn about my Price Action Forex strategies, which contain my price action trading entry setups, exits, money management and trading psychology skills which allows you to learn to trade Forex like a Professional. I am about to share with you provenPrice Action Strategies, a powerful collection ofPin bar, Inside Bar, Outside Bar Reversals … in combination with the famous Price Pivots that I have developed, researched and discovered through years of trading experience and screen time , Enjoy The Site and Remember to Join the Asia Forex Mentor - Free Price Action Daily Strategies Newsletter!

www.asiaforexmentor.com

Thursday, July 15, 2010

New Zealand Dollar Halts Its Rally on Lower Retail Sales

The New Zealand dollar halted today its six-day rally against the U.S. currency as the macroeconomic data suggested that the nation’s economy might grow with slower than anticipated pace.

The total retail sales rose 0.4 percent ($24 million) in May, while previous estimates indicated the 0.6 percent growth. The core retail sales decreased 0.2 percent ($10 million) instead of increasing 0.6 percent, as forecast suggested. This data, together with the declining home sales, triggered the slight sell off.

NZD/USD traded near 0.7175 as of 10:11 GMT today after it opened at 0.7194.

If you want to comment on the New Zealand dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.

Earlier News About the New Zealand Dollar:

New Zealand Dollar Down vs. Yen, Up vs. Euro (2010-07-12)New Zealand Dollar Drops After Yesterday's Surge (2010-06-24)New Zealand Dollar Profits from Stronger Yuan (2010-06-21)Strong New Zealand Dollar Makes Alan Bollard Unhappy (2010-06-14)New Zealand Dollar Rises with Interest Rates (2010-06-10)
This entry was postedon Wednesday, July 14th, 2010 at 12:11 pmand is filed under New Zealand Dollar.You can follow any responses to this entry through the RSS 2.0 feed.You can skip to the end and leave a response. Pinging is currently not allowed.

Leave a Reply

Name (required)

Mail (will not be published) (required)

Website

XHTML: You can use these tags:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)