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.

Free Trading Guides
EUR/USD
Mixed
Low
High
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
GBP/USD
Bearish
USD/JPY
Bullish
Gold
Mixed
Low
High
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
Oil - US Crude
Bullish
Low
High
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
Bitcoin
Bearish
More View more
Real Time News
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.22% Gold: 0.32% Silver: -0.44% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/rO9w52PEOW
  • Heads Up:🇪🇺 EUR Euro-Zone Consumer Confidence (FEB A) due at 15:00 GMT (15min), Actual: N/A Expected: -8.2 Previous: -8.1 https://www.dailyfx.com/economic-calendar#2020-02-20
  • Heads Up:🇺🇸 USD Leading Index (JAN) due at 15:00 GMT (15min), Actual: N/A Expected: 0.4% Previous: -0.3% https://www.dailyfx.com/economic-calendar#2020-02-20
  • $EURUSD currently trades either side of 1.0800 and has lost nearly 450 pips since the December 31 high at 1.1240. Get your EUR/USD technical analysis from @nickcawley1 here: https://t.co/3qAfwuW37o https://t.co/3vG9IjVJts
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: France 40: -0.14% US 500: -0.18% Wall Street: -0.18% Germany 30: -0.26% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/9ehhDskOIg
  • $USDJPY breakout still in full bloom, tracking > 2 big figs already. Some potential resistance just overhead, 2019 swing-high around the psych & fib levels around 112.50 https://t.co/Dgag57Z6Aw
  • $USDCNH rises over 0.25% this morning to test resistance at 7.04 https://t.co/f0TAGOhUXV
  • Canadian Dollar Price Analysis: Loonie Drops, USD/CAD Turn or Burn? https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2020/02/20/Canadian-Dollar-Price-Action-Analysis-JS-Loonie-Drops-USDCAD-USD-to-CAD-Turn-or-Burn.html https://t.co/n79GzbgAaK
  • 🇺🇸 USD Philadelphia Fed Business Outlook (FEB), Actual: 36.7 Expected: 11.0 Previous: 17.0 https://www.dailyfx.com/economic-calendar#2020-02-20
  • 🇺🇸 USD Initial Jobless Claims (FEB 15), Actual: 210k Expected: 210k Previous: 206k https://www.dailyfx.com/economic-calendar#2020-02-20
Short NZDUSD

Short NZDUSD

2011-02-14 15:48:00
Michael Wright, Currency Analyst
Share:

The NZDUSD extended its three day decline to reach an intraday low of 0.7545 as New Zealand’s retail sales contracted 1.1 percent in December after climbing 1.5 percent the month prior amid expectations of -0.4 percent. The data is worrisome due to the fact that the region’s finance minister Bill English recently said that it is possible that the economy might have slipped in the fourth quarter of 2010, entering its second straight recession in two years. Indeed, the economic docket in New Zealand will be fairly muted, thus traders should closely monitor the fundamental developments in the world’s largest economy. On tap will be U.S. advance retail sales in addition to producer and consumer prices. As the dollar gains strength against most of its major counterparts, better than expected results could fuel the positive momentum in the greenback. All in all, I will look to stay short from 0.7580 with a stop at break-even and an open target.

Meanwhile, I was stopped out of my GBPUSD short from 1.5996 at 1.6050 as the British pound gains strength ahead of tomorrow’s U.K inflation release. As of late, expectations are for 4.0 percent. A reading in line or exceeding forecasts could lead the pound to push higher as price concerns step into the spotlight.

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

DISCLOSURES

News & Analysis at your fingertips.