Trading Commodity Currencies – NZD Focus

Trading Commodity Currencies – NZD Focus

The term ‘commodity currencies’, is a very popular and accurate term to describe a group of currency pairs which every Forex trader needs to be aware of and understand as it will result in an increase in profits as you understand what impacts them. Today’s focus will be on strategies and set up when trading NZD crosses. We will also be exploring the impact of Economic Data releases onto the NZD. For example, today we be expecting building figures and business confidence/activity of New Zealand.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64.29% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Read our Risk Disclosure.

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