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.



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
  • 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:
  • RT @FxWestwater: Australian Dollar, APAC Markets Focus on Bond Yields to Start March Link: $AUDUSD…
  • 🇦🇺 Investment Lending for Homes (JAN) Actual: 9.4% Previous: 8.2%
  • 🇦🇺 Home Loans MoM (JAN) Actual: 10.9% Previous: 8.7%
  • Wall Street IG Client Sentiment: Our data shows traders are now net-long Wall Street for the first time since Feb 01, 2021 when Wall Street traded near 30,246.40. A contrarian view of crowd sentiment points to Wall Street weakness.
  • Aussie 10-year yield extends drop to 32 basis points after RBA buy notice - BBG $AUD
  • RBA to buy A$4 billion of longer-dated bonds, double usual size - BBG $AUD
  • Heads Up:🇦🇺 Investment Lending for Homes (JAN) due at 00:30 GMT (15min) Previous: 8.2%
  • Heads Up:🇦🇺 Home Loans MoM (JAN) due at 00:30 GMT (15min) Previous: 8.7%
  • 🇰🇷 Balance of Trade (FEB) Actual: $2.71B Previous: $3.76B
NZDUSD Drop Extends on Dollar Gains as GBPUSD Recovers on UK Wages

NZDUSD Drop Extends on Dollar Gains as GBPUSD Recovers on UK Wages

Daniel Dubrovsky, Strategist

Asia Pacific Market Open Talking Points

  • GBPUSD gains as UK wage growth and employment gains surprise better
  • NZDUSD declines extend into a second day as US Dollar generally gains
  • AUDUSD looking to Chinese CPI data after a mixed day on Wall Street

Trade all the major global economic data live as it populates in the economic calendar and follow the live coverage for key events listed in theDailyFX Webinars. We’d love to have you along.

The British Pound outperformed against most of its major counterparts on Tuesday, supported by a set of solid UK economic data. Following dismal manufacturing data yesterday, GBPUSD rose after better-than-expected local wage growth in April. The nation also unexpectedly added more jobs than anticipated at +32k, but this pales in comparison to March’s 99k increase.

On the flip side of the spectrum, the pro-risk New Zealand Dollar sunk, extending modest declines into a second day absent a clear catalyst. Its depreciation has been accompanied by a cautious pickup in the higher-yielding US Dollar as July Fed rate cut expectations softened. US front-end government bond yields are aiming narrowly to the upside ever since President Donald Trump canceled tariffs on Mexico.

This perhaps may have been one of the reasons why the S&P 500 trimmed gains it accumulated after Tuesday’s gap following indecisive technical signals as it ended the day 0.03% lower. The index was lead lower today by Boeing (-1.26%) as orders for several 737 Max were canceled. Health care shares also weighed down the index over the past 24 hours.

New Zealand Dollar Technical Analysis

NZDUSD finds itself down about 1.2% from Friday’s close after prices were unable to clear highs achieved in late April. The pair still sits above the falling trend line from late March, hovering around 0.6592. Further weakness opens the door to testing 0.6501, but IG Client Positioning is hinting that gains could resume ahead as net-long trades are unwound.

To learn more about using this in your trading, join my webinar each week on Wednesday’s at 00:00 GMT.

NZD/USD Daily Chart

NZDUSD Drop Extends on Dollar Gains as GBPUSD Recovers on UK Wages

Chart Created in TradingView

Asia Pacific Wednesday Session

S&P 500 futures are little changed heading into Wednesday’s Asia Pacific trading session, hinting of a mixed start to come in regional bourses. The Australian Dollar could be volatile to upcoming Chinese CPI data for May, but recent performance of economic data out of the world’s second-largest economy suggests that outcomes are tending to result closely in-line with analysts’ expectations.

FX Trading Resources

--- Written by Daniel Dubrovsky, 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.