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
More View more
Real Time News
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here:
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here:
  • 🇳🇱 Consumer Confidence (SEP) Actual: -5 Previous: -6
  • A rough start to the week with the cryptocurrency market a sea of red with losses on either side of -10% a common sight.Get your market update from @nickcawley1 here:
  • RT @FxWestwater: Gold, Copper Forecast: XAU Eyes FOMC, Evergrande News Sends Copper Flying Link:…
  • Heads Up:🇳🇱 Consumer Confidence (SEP) due at 04:30 GMT (15min) Previous: -6
  • PBoC liquidity injection + reports that Evergrande will make its next onshore bond payment ($35.88-million on 23 Sept) is bolstering risk appetite here. Yet, there is still no word on the $83.53-million offshore bond payment also due Thursday. Over to you now, Jpow & Co.
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here:
  • Bank of Japan: - Outlook highly uncertain amid Covid - Asset purchase outline unchanged - Cuts assessment of production - exports, production impacted by supply side constraints - BBG
  • Heads Up:🇯🇵 BoJ Interest Rate Decision due at 03:00 GMT (15min) Previous: -0.1%
NZD/USD Rallied With Risk Assets, But Will The Fed Symposium Mark a Sentiment Turn?

NZD/USD Rallied With Risk Assets, But Will The Fed Symposium Mark a Sentiment Turn?

Daniel McCarthy,

NZD/USD, US Dollar, CSI 300, China, Fed, Jackson Hole - Talking Points

  • USD found some footing today, but it was down on the week
  • APEC equities mixed with China stocks trying to rally
  • Fed Chair Powell will be the focus, will he lead the taper parade?

Geopolitical fears rose sharply following two suicide bombing attacks at the Kabul airport in Afghanistan. This drove risk assets lower, with US equities breaking their winning streak and ending down on the day. Sentiment was not helped by hawkish comments from three Fed presidents - Kaplan, Bullard and George. The comments were generally covered by a caveat around the spread of the Delta variant and unfolding circumstances.

Asian equities were mixed, with China being an exception amid generally soft performance elsewhere as the PBOC signalled a cut in the reserve ratio. Consequently, the Chinese equity market benchmark CSI 300 index moved higher, aided by bargain hunters in the tech sector (despite recent regulatory issues).

Crude oil prices moved higher in Asia as concerns heightened over the approaching storm in the Gulf of Mexico and the impact on distribution as production began shutting down.

The Delta variant continues to undermine markets, with more cases throughout the region and New Zealand announcing lockdown extensions. The New Zealand Dollar has had a good rally this week as the US Dollar weakened ahead of the Jackson Hole symposium.

The NZD is regarded as a “high beta” currency for risk trading. This means that it moves more than other currencies in a risk-on, or a risk-off environment. Should there be any market surprises, the Kiwi may see some large moves.

Markets are focused on any further comments from FOMC members thatare likely to impact prices, but clearly all eyes are on the Fed Chair Powell at the symposium today. There is a growing perception that the gathering might disappoint expectations and that the real action may unfold at the next FOMC meeting on 21st-22nd September.

New Zealand Dollar Technical Analysis

NZD/USD remains in a downward sloping trend channel despite the rally this week. There are some resistance levels near the top of the near term channel top at 0.7010 and the 55-day moving average at 0.6990. Meanwhile, support levels come in at the most recent low of 0.6805 and then a number of levels clustered near the 65 cent mark.

NZD/USD Rallied With Risk Assets, But Will The Fed Symposium Mark a Sentiment Turn?

Chart created in TradingView

--- Written by Daniel McCarthy, Strategist for

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

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