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
Oil - US Crude
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
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here:
  • Canadian Dollar snapped a three-week losing streak after USD/CAD stalled at key technical resistance. Get your CAD weekly forecast from @MBForex here:
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here:
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:
  • Get your snapshot update of the of top level exchanges and key index performance from around the globe here:
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here:
  • The Nasdaq 100 index is aiming to breach a key resistance level at 14,950 for a second time. A successful attempt may open the door to further gains, although the MACD indicator flags signs of weakness. Get your equities forecast from @margaretyjy here:
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here:
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here:
  • Trading Forex is not a shortcut to instant wealth, excessive leverage can magnify losses, and sentiment is a powerful indicator. Learn about these principles in depth here:
FOREX: Reserve Bank of New Zealand Leaves Key Rates Unchanged

FOREX: Reserve Bank of New Zealand Leaves Key Rates Unchanged

Research, Research Team

New Zealand’s Central Bank announced its monetary policy decision on the 30th of January this year, leaving the Official Cash Rate at 2.5 percent. The official cash rate also refers to the benchmark interest rates or the overnight lending rates that banks normally follow to borrow from one another. The benchmark interest or the official cash rates have been on hold since March 2011, for a record 25 monetary policy meetings in a row.

According to a statement issued by the Central bank Governor, Graeme Wheeler, economic expansion has gained momentum and while consumer and business confidence are on the rise, inward migration has contributed to an increase in demand in the consumption and housing sectors.

The annual consumer price inflation was at 1.6 percent in 2013 and although the headline inflation numbers remain restrained, inflation is expected to slope higher during the next couple of years. The exchange rate of the New Zealand dollar remains high and has dampened inflation in the goods sector, although going forward the current exchange rate cannot be sustained. Bank Governor Wheeler further added that the bank remains committed to raising the official cash rate and the pace of such hikes would depend on the outcome of economic indicators and the headline inflation numbers.

The hawkish statement from the central bank governor had analysts and industry group experts send out alerts warning borrowers to prepare for higher interest rates in the near future, possibly at the next policy meeting in March.

Reserve_bank_of_New_Zealand_leaves_key_rates_unchanged_body_nzdhistoryandinterestrate.png, FOREX: Reserve Bank of New Zealand Leaves Key Rates Unchanged

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