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
Wall Street
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
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here:
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.23% Silver: -0.48% Gold: -0.65% View the performance of all markets via
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.15% 🇬🇧GBP: 0.00% 🇨🇦CAD: -0.00% 🇯🇵JPY: -0.06% 🇪🇺EUR: -0.06% 🇨🇭CHF: -0.11% View the performance of all markets via
  • IG Client Sentiment Update: Our data shows the vast majority of traders in USD/CHF are long at 76.22%, while traders in France 40 are at opposite extremes with 86.42%. See the summary chart below and full details and charts on DailyFX:
  • S&P 500, Nikkei 225 Outlook: Stocks Hit Record High as VIX Falls
  • Please join @IlyaSpivak at 22:00 EST/2:00 GMT for your cross-market weekly outlook webinar. Register here:
  • *Schedule Reminder: Weekly Strategy Webinar on Monday at 8:30am EST (12:30GMT) with DailyFX - Mid-Week Market Update on Wednesday at 9:30am EST (13:30GMT) with IG -
  • Japanese candlesticks are a popular charting technique used by many traders, and the shooting star candle is no exception. Learn about the shooting star candlestick and how to trade it here:
  • 8 out of 11 S&P 500 sectors ended higher, with 69.5% of the index’s constituents closing in the green. Financials (+0.61%) and information technology (+0.56%) outperformed, while healthcare (-0.73%) and real estate (-0.59%) trailed behind.
  • Recessions can devastate the economy and disrupt the fortunes of individuals, businesses, and investors. But economic decline in the business cycle is inevitable, and your trading can be defined by how you respond to crisis. learn how to prepare here:
NZD/USD Price Uptrend Picks Up on NZ CPI, RBNZ Core Inflation Eyed

NZD/USD Price Uptrend Picks Up on NZ CPI, RBNZ Core Inflation Eyed

Daniel Dubrovsky, Strategist

Asia Pacific Market Open – New Zealand CPI, NZD/USD, Chinese Inflation, US Dollar

  • New Zealand Dollar rallies on better-than-expected local headline inflation data
  • RBNZ sectoral factor price gauge may follow suit, further bolstering NZD prices
  • The NZD/USD near-term uptrend may pick up pace, AUD/NZD short stopped out

We just released our 4Q forecasts for equities in the DailyFX Trading Guides page

The New Zealand Dollar is off to a strong note during the early phase of this week, bolstered by a better-than-expected third quarter inflation report. New Zealand y/y and q/q CPI clocked in at their fastest pace since Q3 2017 and Q1 2017 respectively. Local government bond yields rallied as the data crossed the wires, signaling ebbing dovish RBNZ monetary policy expectations.

While probabilities of a rate cut from the central bank were never particularly high, back in August overnight index swaps were pricing in a 30% chance of one for February 2019, this could make it even more unlikely depending on what they say. The RBNZ has pointed out that their next policy move could be in either direction. The inflation data could make them lean away from that, hence NZD gains.

Still, given risks from the external front, gains in the ‘pro-risk’ NZD may not last as emerging markets remain under pressure amidst trade wars and Fed policy tightening. But against the Australian Dollar, Kiwi Dollar could yet find more appreciation in the event the RBNZ adopts a tone that favors a hike as opposed to a balanced view. With that in mind, our AUD/NZD short has been exited after a daily close under 1.08415.

Elsewhere, the US Dollar was cautiously lower against its major counterparts. The greenback weakened during the first half of Monday’s session as the DAX and Euro Stoxx 50 climbed. This was also when we saw the Euro and British Pound gaining ground against the US Dollar, albeit the latter was hindered by Brexit talks stalling over the weekend earlier.

During Tuesday’s Asia Pacific trading session, a couple of notable economic events will cross the wires. First, Chinese inflation data may offer an insight to third quarter GDP data later this week. Second, the RBNZ will publish its quarterly measure of core inflation (sectoral factor guage). Should the latter show signs of higher prices to come, we may get complementary New Zealand Dollar strength to headline CPI data.

NZD/USD Technical Analysis

Following the CPI data, the New Zealand Dollar closed at its highest since earlier this month against its US counterpart. NZD/USD has also breached the February 2016 lows as its near-term uptrend picks up pace. From here, a range of resistance between 0.66898 and 0.67207 could be the next key point in determining whether the dominant downtrend from April could be over.

NZD/USD Daily Chart

NZD/USD Price Uptrend Picks Up on NZ CPI, RBNZ Core Inflation Eyed

What Else to Expect Ahead?

Australian Dollar Technical Outlook

US Trading Session

NZD/USD Price Uptrend Picks Up on NZ CPI, RBNZ Core Inflation Eyed

Asia Pacific Trading Session

NZD/USD Price Uptrend Picks Up on NZ CPI, RBNZ Core Inflation Eyed

** All times listed in GMT. See the full economic calendar here

FX Trading Resources

--- Written by Daniel Dubrovsky, Junior Currency Analyst for

To contact Daniel, use the comments section below or @ddubrovskyFX on Twitter

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