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Currency trading involves risk of loss.
Leverage magnifies both gains and losses.
Overnight data gave an uphill increase to the New Zealand dollar as Consumer Prices exposed price increases at an 18-year high. The irrefutable underline of the session comes with the July edition of Germany’s ZEW Survey. The well-timed release is likely to show speeding up of worsening in the Euro Zone’s major economy. The metric has great market-moving potential, and a negative aspect surprise will weight a great deal on the Euro. The UK’s RICS House Price data enhanced a bit in June to print at -88.0% after the lowest-ever showing at -92.9% in May. Still, the metric would have to go up a lot more before reversing the massive 47% of losses recorded just this year so far.
04:12
Posted on Jul-15-2008
