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
More View more
Real Time News
  • $GBPNZD could extend recent losses after surging away from the 100-MA and failing to breach range resistance at 1.9120 - 1.9150 A retest of the monthly low looks on the cards if sellers can drive the exchange rate back below the 21-EMA (1.8956) $GBP $NZD #technicalanalysis
  • The British Pound may continue gaining ground against its haven-associated counterparts in the near term. However, the currency may give up gained ground against the New Zealand Dollar.Get your $GBP market update from @DanielGMoss here:
  • Commodities Update: As of 03:00, these are your best and worst performers based on the London trading schedule: Silver: 0.44% Gold: -0.05% Oil - US Crude: -0.49% View the performance of all markets via
  • Precious Metals Analysis: Gold and Silver Buoyant as Real Yields Fall - #Gold #Silver #XAUUSD #XAGUSD
  • ECB is rumored to be pursuing yield spread control strategy - BBG
  • Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.47% 🇦🇺AUD: 0.32% 🇬🇧GBP: 0.17% 🇨🇦CAD: 0.13% 🇨🇭CHF: 0.10% 🇯🇵JPY: -0.01% View the performance of all markets via
  • 🇯🇵 BoJ Interest Rate Decision Actual: -0.1% Expected: -0.1% Previous: -0.1%
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in Wall Street are at opposite extremes with 71.30%. See the summary chart below and full details and charts on DailyFX:
  • Bank of Japan: -ETF and J-REIT purchases will be near 12 trillion yen and 180 billion yen, respectively -10-year JGB yield target will stay near zero through necessary purchases of JGBs - QQE w/yield curve control will continue with aim of 2% price stability target $USDJPY
  • Bank of Japan: - 10-Year JGB yield target remains at near 0% - BOJ will purchases ETFs and J-REITs to where outstanding amounts will rise near 6 trillion yen and near 90 billion yen, respectively $USDJPY
Forex Analysis: New Zealand Dollar To Threaten Range As RBNZ Softens Dovish Tone

Forex Analysis: New Zealand Dollar To Threaten Range As RBNZ Softens Dovish Tone

David Song, Strategist
New_Zealand_Dollar_To_Threaten_Range_As_RBNZ_Softens_Dovish_Tone_body_Picture_1.png, Forex Analysis: New Zealand Dollar To Threaten Range As RBNZ Softens Dovish Tone

Fundamental Forecast for New Zealand Dollar: Bullish

The New Zealand dollar pared the rebound from earlier this month after tagging a fresh high of 0.8266, but the recent weakness in the higher-yielding is likely to be short-lived as the Reserve Bank of New Zealand (RBNZ) preserves a neutral policy stance. Indeed, the economic data on tap for the following week may push the kiwi higher ahead of the interest rate decision as we’re expecting to see a small improvement in the terms of trade along with a marked increase in building activity, and a slew of positive developments may lead the NZDUSD to threaten the November high (0.8307) as it dampens speculation for a rate cut.

According to a Bloomberg News survey, all of the 16 economists polled see the RBNZ keeping the benchmark interest rate at 2.50%, and central bank Governor Graeme Wheeler may continue to tame expectations for additional monetary support amid the expansion in private sector credit. Although the central bank head continues to highlight the ongoing slack within the real economy, the rebuilding efforts from the Christchurch earthquake may start to fan fears of an asset bubble amid record-low borrowing costs, and Governor Wheeler may signal a need to raise the cash rate in 2013 amid rising home prices. As the slowdown in global growth hampers the near-term outlook for the export-driven economy, the RBNZ remains poised to carry its wait-and-see approach into the following year, but we will be keeping a close eye on the policy statement as Mr. Wheeler warns of impending risks to the region. In turn, the fresh batch of central bank rhetoric may encourage a bullish forecast for the New Zealand dollar, and we may see the kiwi outperform against its major counterparts over the coming months amid the shift in the policy outlook.

As the 10, 20, 50, and 100 day moving averages continue to converge with one another, the formation suggests that the NZDUSD may continue to face range-bound prices over the near-term, but a less dovish statement from the RBNZ may trigger a move above 0.8300 – the 23.6% Fibonacci retracement from 2010 low to the 2001 high – as market participants curb bets for lower borrowing costs. - DS

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