New Zealand Credit Card Spending

Rambo35

Confirmed PaxForex Representative
Apr 22, 2013
909
24
32
Canada
This may be one of those economic reports which you never read about or hear about in mass media, but for those trading the New Zealand Dollar this could be an important indicator. As I wrote earlier I am trading the AUDNZD which makes this an important indicator for my trade set-up as it may provide me with an additional buying opportunity or increase my floating trading profits.

I think the New Zealand economy is bound to decelerate a bit which should pressure the New Zealand Dollar lower during the first-quarter of 2014. A decrease in credit card spending could be a sign for a slowdown in consumer spending.
 

Fxpipper

Master Trader
Oct 26, 2011
1,132
4
49
Not sure if a decrease in CC spending may lead to a retrenchment but as you know AUSNZD always swings in a narrow band..but we'll have to see the latest data..
 

Rambo35

Confirmed PaxForex Representative
Apr 22, 2013
909
24
32
Canada
Not sure if a decrease in CC spending may lead to a retrenchment but as you know AUSNZD always swings in a narrow band..but we'll have to see the latest data..

Yes, I agree but it looks as if AUDNZD is already breaking out which I take as a bullish sign.