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
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
Wall Street
More View more
Real Time News
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here:
  • It seems the markets are riding high, but risk is always lurking around the corner. Consider your escape plan before you find yourself in collapsing market. What are the top havens for different conditions in 2021? Find out from @JohnKicklighter here:
  • Myth or fact? One thing is for sure, there are a lot of misconceptions about trading. Knowing the difference between common trading myths and the reality is essential to long-term success. Find out about these 'myths' here:
  • What are some monetary policies that could affect Gold this quarter? Get your Gold free forecast here: #DailyFXGuides
  • Even more remarkable than the record high levels of leverage registered in US equities this past week was the attention it garnered. Paying attention to risk is a threat when markets are this high and the docket as dense as it is this week. My outlook:
  • Consolidation or bull flag? A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. Learn how to better spot these formations here:
  • Are you new to trading? Technical analysis of charts aims to identify patterns and market trends by utilising different forms of technical chart types and other chart functions. Get a refresher on technical analysis or begin building your knowledge here:
  • USD hegemony is at risk thanks to changes in the global economy and the long-term consequences of the US-China trade war. Get your market update from @CVecchioFX here:
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out
  • Use this technical analysis pattern recognition skills test to sharpen your knowledge:
NZD/USD Outlook Mired by Slowing New Zealand GDP, Upbeat FOMC

NZD/USD Outlook Mired by Slowing New Zealand GDP, Upbeat FOMC

David Song, Strategist
NZD/USD Outlook Mired by Slowing New Zealand GDP, Upbeat FOMCNZD/USD Outlook Mired by Slowing New Zealand GDP, Upbeat FOMC

Fundamental Forecast for the New Zealand?Dollar: Bearish

For more updates, sign up for David's e-mail distribution list.

NZD/USD struggled to hold its ground after the Reserve Bank of New Zealand (RBNZ) unexpectedly reduced the official cash rate by 25bp to 2.25% at the March 10 meeting, and the New Zealand dollar stands at risk of facing further losses over the coming week should the key data prints coming out of the region fuel speculation for additional monetary support.

Even though New Zealand’s 4Q Balance of Payment (BoP) is anticipated to show a narrowing deficit, the Gross Domestic Product (GDP) report may drag on the exchange rate as the economy is expected to grow an annualized 2.1% following the 2.3% expansion during the three-months through September. Indeed, signs of a slowing recovery may encourage the RBNZ to further insulate the real economy over the coming months, and Governor Graeme Wheeler may continue to endorse a dovish outlook for monetary policy amid the weakening outlook for global growth.

At the same time, the Federal Open Market Committee’s (FOMC) interest rate decision may boost the appeal of the greenback and spark a near-term selloff in NZD/USD should the fresh batch of central bank rhetoric highlight the deviating paths for monetary policy. Even though the FOMC is widely expected to preserve its current policy next week, the updated projection may signal that the committee will stay on course to implement higher borrowing-costs throughout 2016, and the central bank may continue to prepare U.S. households businesses for higher borrowing-costs as the economy approaches ‘full-employment,’ while Chair Janet Yellen remains confident in achieving the 2% inflation-target over the policy horizon.

In turn, NZD/USD may continue to pare the advance from earlier this year as it appears to have made a failed run at the December high (0.6882), and the key developments coming out of New Zealand and the U.S. may spark a bearish outlook for the exchange rate amid the deviating paths for monetary policy.

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