Is GBP/NZD on the verge of a big move?
Register with any of our Forex partners and make use of such market movements
by Abi Moses on 22nd November, 2016
While the GBP and NZD are thought to be in turbulent times the spread betting community could really make use of the next movements to come, with both currencies allegedly set for a big breakout.The GBP has received a great deal of support in recent days, with the Bank of England dropping its dovish bias and the kiwi lower following the Reserve Bank of New Zealand spoke of cuts fed from the strength of its currency.
According to reports GBP/NZD has returned back from its recent lows to trade between the pivotal technical area of 0.77 and 0.78, with today vital in determining the direction foe the next few days/weeks.
City Index concludes:
'So there you have it: two clear scenarios, with some objectives to watch. But right now, the GBP/NZD is trading in no man’s land, so to speak. Conservative traders may therefore wish to wait for price to make its move and then trade in the direction of the break without forgetting their usual entry criteria, and more importantly risk and money management duties.'
Forex trading with Spread Betting
If you are interested in making use of such market movements then you can do so through this very site, with we at Spread Betting having partnered with a long list of top of the range providers. These partners include the likes of City Index, SpreadEx, IG, LGC and ETX Market.
Register with any of our partners simply by selecting their icon on the homepage. From there you can also compare rates, bonuses and products.
Since being met with bafflement in financial circles, bitcoin seems to have graduated to even being discussed as an “asset” in offices such as Wall Street and the City of London.
by Abi Moses on 18th October, 2017
“Operational challenges” expected to put pressure on its US aerospace business
by Abi Moses on 16th October, 2017
Share price spikes as margins tumble
by Abi Moses on 11th October, 2017
Like-for-like sales just short of City forecasts
by Abi Moses on 10th October, 2017
Poor reviews of the iPhone 8 have weighed on the group’s shares
by Abi Moses on 22nd September, 2017