News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here:
  • 🇺🇸 MBA Mortgage Applications (23/JUL) Actual: 5.7% Previous: -4%
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.77%, while traders in Wall Street are at opposite extremes with 74.07%. See the summary chart below and full details and charts on DailyFX:
  • Heads Up:🇺🇸 MBA Mortgage Applications (23/JUL) due at 11:00 GMT (15min) Previous: -4%
  • Bitcoin (BTCUSD) putting in a decent shift and back above $40k - ignoring the 'will they/won't they?' Amazon chatter. #bitcoin #btc @DailyFXTeam Prices via @IGcom
  • Further your forex knowledge and gain informed analyses from industry leaders with our free guides, available today. Download the Q3 guide:
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Silver: 0.53% Oil - US Crude: 0.29% Gold: 0.08% View the performance of all markets via
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.25% 🇨🇭CHF: 0.03% 🇪🇺EUR: -0.03% 🇯🇵JPY: -0.13% 🇳🇿NZD: -0.21% 🇦🇺AUD: -0.24% View the performance of all markets via
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: France 40: 0.82% FTSE 100: 0.28% Germany 30: 0.19% US 500: 0.18% Wall Street: -0.02% View the performance of all markets via
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here:
NZD/USD Still Strategic Short, May Have Suffered Enough For Now

NZD/USD Still Strategic Short, May Have Suffered Enough For Now

David Cottle, Analyst

New DailyFX Quarterly Forecasts for Q3 and are available here

The New Zealand Dollar is certainly not a currency to place bullish long-term bets on at this point, and certainly not against its US cousin,

How could it be? Local interest rates remain stuck at record lows and are not thought likely to rise until well into next year- at the very earliest. Business confidence is beaten down to the point where weakness begins to look systemic. Global risk appetite’s skittish relationship with the next trade-war headline also argues against holding growth-linked units such as the kiwi.

However, NZD/USD might just have suffered enough for the moment and may be due a bounce, if likely a modest one. After all the most recent significant lows remain some way off, and the currency pair is now below all three of its key 20-, 50 and 100-day moving averages.

Momentum indicators suggest that it is heading toward oversold territory too.

None of this is to suggest that NZD/USD is in any danger of an immediate turnaround, nor that the long downtrend which has dogged it all year is going to ameliorate. This is still in all likelihood a big strategic short.

However, the currency may yet track back higher in the short term, if given the chance by those trade headlines. It might get back up to those previous highs of 0.6722, and maybe even a little above them over the coming few days.

NZD/USD Still Strategic Short, May Have Suffered Enough For Now

Consolidation there is less likely but, if it comes, it could put July’s top in the 0,6821 region back in focus. This would not threaten the integrity of the overall daily downtrend, and stop loss sell orders at this week’s lows should provide adequate protections.

It might also make sense to look for some tactical Australian Dollar gains on similar grounds, with the short-term Aussie correction case arguably boosted by recent strong growth numbers. Relative Australian economic strength should continue to support AUD/NZD too.

Resources for Traders

Join a free Q&A Webinar and have your trading questions answered

Find out how AUD is viewed by the trading community in real time at the DailyFX Sentiment Page

Strategy not working? Here’s the number one mistake traders make

Just getting started? Check out the DailyFX Beginners’ Guide.

--- Written by David Cottle, DailyFX Research

Follow David on Twitter @DavidCottleFX or use the Comments section below to get in touch!

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.