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.

Free Trading Guides
EUR/USD
Bearish
Low
High
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
GBP/USD
Mixed
USD/JPY
Bearish
Low
High
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
Gold
Bullish
Low
High
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
Oil - US Crude
Bearish
Bitcoin
Mixed
More View more
Real Time News
  • LIVE IN 30 MIN: Strategist @PaulRobinsonFX keeps you updated with the latest movements and trends during the London session for the FX and CFDs Market here - https://www.dailyfx.com/webinars/243785867?CHID=9&QPID=917720
  • PBoC state that they will offer abundant liquidity after holidays through open market operations
  • Join @PaulRobinsonFX 's #webinar at 5:30 AM ET/10:30 AM GMT for insight on London #FX and #CFD trading. Register here: https://t.co/AoM3UvLtcF https://t.co/J6gdbuoij7
  • What are the Market cycles? How are #currencies impacted in these cycles? How can these cycles impact #forextrading patterns? Find out here: https://t.co/ckr2fUOWqW https://t.co/UbtbJog492
  • ICYMI: Japanese Government nominated Seiji Adachi to replace BoJ dovish dissenter Harada - Adachi also favours reflationary economic policy $JPY https://t.co/0coydAoDWJ
  • US 3-month and 10-year yield inverts for the first time since October 2019
  • Hang Seng during SARS outbreak, alongside previous virus outbreaks https://t.co/9gtJ0Xa2fN
  • RT @tracyalloway: Whatever you think of the severity of the coronavirus, it seems clear that this will be having an economic impact on Chin…
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.41%, while traders in US 500 are at opposite extremes with 67.78%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/H4A6AAz9KO
  • Have you been catching on your @DailyFX #podcast "Global Markets Decoded"? Catch up on them now, before new episodes release! https://t.co/Twr44cZ1GB https://t.co/iX2cdaoGjL
New Zealand Dollar Risks to Downside as S&P 500 VIX Near Highs

New Zealand Dollar Risks to Downside as S&P 500 VIX Near Highs

2010-05-14 23:12:00
David Rodriguez, Head of Product
Share:
It may be important to watch for any especially large surprises out of early-week Producer Prices results, but the New Zealand dollar will most likely trade off of broader direction in financial markets. Recent Reserve Bank of New Zealand rhetoric suggests that the central bank is unlikely to begin raising interest rates immediately, and RBNZ governor Alan Bollard explicitly stated that interest rates were unlikely to reach heights seen in previous tightening cycles. Indeed, the head central banker took a very circumspect view of domestic economic conditions and implications for monetary policy. Overnight Index Swaps currently predict that the RBNZ will raise rates by a substantial 200 basis points in the coming 12 months, and any especially below-forecast inflation data could easily force corrections in lofty rate expectations.  
 
Traders should otherwise keep a close eye on key financial market risk barometers such as the US S&P 500 and New Zealand’s own NZX 50. Considerable price moves in the S&P have left its highly-significant Volatility Index (VIX) near its highest levels since mid-2009. Such elevated volatility expectations make it plainly clear that market conditions remain strained, and the highly risk-sensitive New Zealand Dollar stands to lose further if the S&P continues lower through the coming week’s trade. - DR
 

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

DISCLOSURES

News & Analysis at your fingertips.