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
  • Treasury Sec. nominee Yellen: - China is our most important strategic competitor - Need to work with allies and strengthen our own economy to compete - We need to take on China's abusive, unfair, and illegal practices $USD $CNH
  • Treasury Sec. nominee Yellen: - I believe in a fair and progressive tax code - Wealthy corporations and individuals should pay their fair share $SPY $USD
  • Treasury Sec. nominee Yellen: - Will work over time for a second relief package - We need to invest in infrastructure, R&D, and workforce development $USD
  • Forex Update: As of 15:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.44% 🇦🇺AUD: 0.37% 🇨🇭CHF: 0.30% 🇨🇦CAD: 0.09% 🇳🇿NZD: 0.03% 🇯🇵JPY: -0.25% View the performance of all markets via
  • Treasury Sec. nominee Yellen: - Economic damage is sweeping and our response must be too - The smartest thing we can do is act big $USD
  • Indices Update: As of 15:00, these are your best and worst performers based on the London trading schedule: US 500: 0.29% Wall Street: 0.25% Germany 30: 0.08% FTSE 100: 0.05% France 40: -0.16% View the performance of all markets via
  • Italy's Premier closing in on majority as Senate support grows - BBG. $EUR
  • The Bank of Canada is widely expected to stand pat on monetary policy with the overnight rate to remain at 0.25% alongside no change in the current pace (CAD 4bn/week) or composition of QE purchases. Get your market update from @JMcQueenFX here:
  • $EURUSD sell-off pulls back to resistance around prior support. Big zone 1.2134-1.2167
  • Merkel reaches deal to extend German lockdown until February 14th. $EUR
NZD Falls on GDP Data, Australian Dollar Braces for Key Jobs Report

NZD Falls on GDP Data, Australian Dollar Braces for Key Jobs Report

Dimitri Zabelin, Analyst

Zealand Dollar, Australia Employment Change, NZ GDP Data – TALKING POINTS

  • New Zealand Dollar spiked lower after local gross domestic product (GDP) data underwhelmed
  • Australian Dollar nervously eyeing local jobs data – selling pressure could swell on poor outcome
  • AUD/JPY technical outlook bearish after being rejected at key resistance – will pair retest support?

Wall Street trade ended on a somewhat gloomy note, with the Dow Jones and S&P 500 down 0.65 and 0.36 percent, respectively. The tech-leaning Nasdaq index was up for the day, but only managed to register a meager 0.15 percent gain. Foreign exchange markets were somewhat of a mixed bag with the petroleum-linked Norwegian Krone as the session’s winner, while CAD, GBP and EUR were the biggest losers.

Federal Reserve Chairman Jerome Powell engaged in another congressional testimony, though this time it was in front of the House Financial Services Committee. He warned that the road back to normal economic activity will take time and reiterated that the Fed is not thinking about raising interest rates. Having said that, the Chairman also stressed the reluctance of the central bank to employ negative interest rates.

How to Use IG Client Sentiment in Your Trading
How to Use IG Client Sentiment in Your Trading
Recommended by Dimitri Zabelin
Improve your trading with IG Client Sentiment Data
Get My Guide

In terms of financial stability, Mr. Powell said that situation with collateralized loan obligations (CLOs) is very different from the mortgage-backed securities (MBS) during the 2008 crisis. Having said that, the trends in corporate credit markets are somewhat concerning despite early signs of an economic recovery in the United States.

In order to maintain stability in key credit markets, the Fed said it will keep its “foot on the gas” until the country is through the worst of the coronavirus pandemic. He said he expects to see strong job creation through July and hinted that more action now will yield a strong recovery later. Stopping short of directly involving himself in the political sphere, Mr. Powell expressed concern about Congress withdrawing support too quickly.

Thursday’s Asia-Pacific Trading Session

The risk-off tilt during Wall Street trade could ooze into Asia and pressure US equity futures with APAC stocks. The anti-risk Japanese Yen and US Dollar may get a tailwind from souring sentiment, particularly versus the Australian Dollar if local jobs data spoils appetite for the commodity-linked AUD. Regional credit markets may see spreads of credit default swaps widen and potentially push USD and JPY higher.

AUD/JPY Analysis

AUD/JPY has enjoyed a nice ride from the multi-year bottom in March, though its capitulation under a key resistance range between 76.320 and 75.925 paints a gloomy picture. The bearish brush may press a darker shade if AUD/JPY attempt to crack the multi-layered ceiling again with no avail. Upcoming economic data may cause the pair to retreat closer to a familiar stalling point at 71.894.

AUD/JPY – Daily Chart

Chart showing AUD/JPY

AUD/JPY chart created using TradingView

--- Written by Dimitri Zabelin, Currency Analyst for

To contact Dimitri, use the comments section below or @ZabelinDimitriTwitter

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