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
  • The Swiss Franc’s technical stance against the New Zealand Dollar and Japanese Yen has brightened, with the technical outlook in NZD/CHF and CHF/JPY primed to benefit CHF. Get your market update from @FxWestwater here:
  • 🇸🇬 Unemployment Rate Prel (Q2) Actual: 2.7% Previous: 2.9%
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Silver: 0.25% Gold: 0.03% Oil - US Crude: -0.52% View the performance of all markets via
  • The Citi Economic Surprise Index tracking the US just turned negative for the first time since June 2020 This means economists are now overestimating the health and vigor of the economy, opening the door to disappointment ahead This does note bode well for NFPs next week...
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.00% 🇨🇭CHF: -0.04% 🇪🇺EUR: -0.05% 🇦🇺AUD: -0.09% 🇨🇦CAD: -0.13% 🇳🇿NZD: -0.15% View the performance of all markets via
  • Heads Up:🇸🇬 Unemployment Rate Prel (Q2) due at 02:30 GMT (15min) Previous: 2.9%
  • Amazon Earnings Cast a Shadow on Nasdaq 100. APAC Stocks to Open Mixed
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.22%, while traders in Wall Street are at opposite extremes with 77.28%. See the summary chart below and full details and charts on DailyFX:
  • Delta Variant accounts for 92% of new Covid cases in the US
  • Crude oil prices are trading largely unchanged following last week's rebound as the Delta variant of Covid and Chinese regulatory measures temper the near-term demand outlook. Get your market update from @FxWestwater here:
NZD/USD Rebound to Fizzle on Soft New Zealand Employment Report

NZD/USD Rebound to Fizzle on Soft New Zealand Employment Report

David Song, Strategist

- New Zealand Employment Growth to Slow for Second Straight Quarter.

- Average Hourly Earnings to Rebound After Contracting for First Time Since 2008.

Trading the News: New Zealand Employment

New Zealand Employment

New Zealand’s 4Q Employment report may generate a mixed market reaction as job growth is projected to slow for the second consecutive quarter, but signs of stronger job growth may fuel the near-term rebound in NZD/USD as it dampens bets for additional monetary support.

Why Is This Event Important:

A pickup in household earnings may encourage Reserve Bank of New Zealand (RBNZ) Governor Graeme Wheeler to alter the monetary policy outlook ahead of his departure in September as the central bank head anticipates inflation ‘to return to the midpoint of the target band over the medium term.’ However, another batch of lackluster data may force the RBNZ to preserve the record-low cash rate throughout 2017, and Governor Wheeler may continue to discourage bets for an imminent rate-hike as the ‘growth outlook remains positive, supported by on-going accommodative monetary policy.’

Have a question about the currency markets? Join a Trading Q&A webinar and ask it live!

Impact that the New Zealand Employment report has had on NZD/USD during the previous release


Data Released



Pips Change

(1 Hour post event )

Pips Change

(End of Day post event)



01/31/2017 21:45 GMT





4Q 2016 New Zealand Employment

NZD/USD 15-Minute


New Zealand Employment increased 5.8% per annum during the last three-months of 2016, while the jobless rate unexpectedly climbed to an annualized 5.2% from 4.9% in the previous quarter as the labor force participation rate widened to 70.5% from 70.1% during the same period. At the same time, private wages excluding overtime increased another 0.4% amid forecasts for a 0.5% print, while average hourly earnings declined 0.3% in the fourth quarter to mark the first decline since 2008. The New Zealand dollar lost ground following the dismal report, with NZD/USD slipping below the 0.7300 handle to end the day at 0.7241.

How To Trade This Event Risk(Video)

Bearish NZD Trade: Job/Wage Growth Continues to Slow

  • Need a red, five-minute candle following the release to consider a short NZD/USD trade.
  • If market reaction favors a bearish kiwi position, sell NZD/USD with two separate lots.
  • Set stop at the near-by swing high/reasonable distance from entry; look for at least 1:1 risk-to-reward.
  • Move stop to breakeven on remaining position once initial target is met, set reasonable limit.

Bullish NZD Trade: New Zealand Employment Exceeds Market Forecast

  • Need a green, five-minute candle to favor a long kiwi position.
  • Carry out the same setup as the bearish NZD trade, just in the opposite direction.

Potential Price Targets For The Release


NZD/USD Daily Chart

Chart - Created Using Trading View

  • Broader outlook for NZD/USD remains tilted to the downside as price and the Relative Strength Index (RSI) preserve the bearish formations carried over from the previous year, but the rebound from the 2017-low (0.6846) may gather pace over the days ahead as the momentum indicator highlights a near-term divergence and turns around ahead of oversold territory; first topside hurdle comes in around 0.6950 (38.2% retracement) to 0.6980 (23.6% expansion) followed by 0.7040 (50% retracement).
  • Interim Resistance: 0.7200 (38.2% retracement) to 0.7240 (61.8% retracement)
  • Interim Support: 0.6820 (23.6% retracement) to 0.6850 (38.2% retracement)

Make Sure to Check Out the DailyFX Guides for Additional Trading Ideas!

--- Written by David Song, Currency Analyst

To contact David, e-mail Follow me on Twitter at @DavidJSong.

To be added to David's e-mail distribution list, please follow this link.

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