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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
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
Mixed
Wall Street
Mixed
Gold
Mixed
GBP/USD
Mixed
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
USD/JPY
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
More View more
Real Time News
  • The GBP/NZD, EUR/NZD exchange rates seem poised to reverse their respective 4-month downtrends as NZD/CHF struggles at key resistance. Get your market update from @DanielGMoss here:https://t.co/DZguLNJBjh https://t.co/10kY8PzEr9
  • $USD $DXY | "US Dollar Ripe for Volatility as Stocks Swing Amid Earnings" -via @DailyFX The Greenback caught a bid as the anti-risk currency perked up alongside the VIX 'fear-gauge' after a nasty intraday reversal staged by the S&P 500. Full Analysis- https://www.dailyfx.com/forex/fundamental/us_dollar_index/usd_trading_today/2020/07/13/us-dollar-ripe-for-volatility-as-stocks-swing-amid-earnings.html https://t.co/NbD1QLN3qk
  • The US Dollar weakened against #ASEAN currencies like the Singapore Dollar, Malaysian Ringgit, Indonesian Rupiah, and Philippine Peso. Ahead, Chinese GDP and US retail sales are eyed. Get your market update from @ddubrovskyFX here: https://t.co/fy366LmjDK https://t.co/5zlbWKGSHG
  • $USDJPY Daily Pivot Points: S3: 106.06 S2: 106.47 S1: 106.69 R1: 107.1 R2: 107.27 R3: 107.68 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • #Dollar vs Mexican #Peso Price Outlook: $USDMXN Breakout Brewing - https://t.co/UpZgUYj51r https://t.co/p6Xs8ob6Yo
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.38% 🇨🇭CHF: -0.06% 🇨🇦CAD: -0.09% 🇯🇵JPY: -0.34% 🇳🇿NZD: -0.48% 🇬🇧GBP: -0.53% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/kJifCyjzCk
  • In case you missed it, here is my webinar outlining geopolitical risks impacting markets in the week ahead⬇️ https://t.co/pkDAt1UyQS Themes + Assets: - 🇭🇰Hong Kong (#HSI) - 🇺🇸🇨🇳US-China Trade Tension (#AUD) - 🛢️OPEC+ Meeting (#OIL) - 🇪🇺EU Division Over Aid Package (#EUR)
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Silver: 1.71% Gold: 0.25% Oil - US Crude: -1.25% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/395bwbI9dy
  • As U.S. equity markets stutter against overhead resistance, #gold prices break above $1,800 as treasury yields deflate. Get your market update from @FxWestwater here: https://t.co/g4W9xdEXZn https://t.co/E2pML4qVuh
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.72%, while traders in US 500 are at opposite extremes with 77.03%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/ImfSdPkZiP
NZD/USD & NZD/JPY a Key Juncture Ahead of RBNZ Policy Meeting

NZD/USD & NZD/JPY a Key Juncture Ahead of RBNZ Policy Meeting

2014-07-17 15:00:00
David Song, Strategist
Share:

Talking Points:

- NZD/USD Sits at Former Resistance Ahead of Reserve Bank of New Zealand (RBNZ)

- Bearish USD/JPY Outlook Favored as Pair Fails to Push Back Above Former Support

- USDOLLAR Remains at Risk of Carving Lower-High as Housing Data Disappoints

Index

Last

High

Low

Daily Change (%)

Daily Range (% of ATR)

DJ-FXCM Dollar Index

10438.94

10439.47

10427.43

0.03

45.50%

NZD/USD:

  • Watching former resistance around 0.8670-0.8700 for new support ahead of the Reserve Bank of New Zealand (RBNZ) policy meeting on July 23.
  • RBNZ widely expected to deliver another 25bp rate hike; will they continue to normalize beyond July after 2Q CPI fell short of expectations?
  • Long-term bias remains bullish as NZD/USD preserves the bullish trend carried over from 2013; Credit Suisse Overnight Index Swaps (OIS) shows expectations for at least 50bp worth of rate hikes over next 12-months.

USD/JPY:

  • Downward trending channel continues to take shape as USD/JPY fails to push back above former support around 101.80-102.00; another lower-high?
  • Next downside target comes in at 101.20-30 (78.6% Fibonacci retracement); could see a more meaningful run at the 101.00 handle given the string of lower-highs in July.
  • As the Bank of Japan (BoJ) remains reluctant to further expanding its asset-purchase program, the shift in the policy outlook may continue to drive the USD/JPY lower as the Fed retains a dovish tone.

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

NZD/USD & NZD/JPY a Key Juncture Ahead of RBNZ Policy Meeting

Join DailyFX on Demand for Real-Time SSI Updates Across the Majors!

Read More:

Price & Time: Several Major Exchange Rates At Pivotal Levels

NZDJPY Reversal Underway- Scalps Target Key Support at 88.20

USDOLLAR Daily

NZD/USD & NZD/JPY a Key Juncture Ahead of RBNZ Policy Meeting

Chart - Created Using FXCM Marketscope 2.0

USDOLLAR(Ticker: USDollar):

  • Dow Jones-FXCM U.S. Dollar Index giving back the advance to 10,438 as Housing Starts & Building Permits disappoint.
  • Lack of momentum to close above 10,440 (78.6% Fibonacci retracement) raises the risk for another lower-high in the USDOLLAR.
  • Downside targets remain favorable as the broader descending triangle from earlier this year remains in play; key hurdle comes in at 10,354, the October low.
  • Following the Humphrey-Hawkins Testimony, looks like Fed will pay closer attention to housing, wage growth & broader labor market data.
  • Interim Resistance: 10,508 (61.8% retracement) to 10,524 (38.2% retracement)
  • Interim Support: 10,354 (Oct. low) to 10,375 (50.0& retracement)

Release

GMT

Expected

Actual

Initial Jobless Claims (JUL 12)

12:30

310K

302K

Continuing Claims (JUL 5)

12:30

2580K

2507K

Housing Starts (MoM) (JUN)

12:30

1.9%

-9.3%

Housing Starts (JUN)

12:30

1020K

893K

Building Permits (MoM) (JUN)

12:30

3.0%

-4.2%

Building Permits (JUN)

12:30

1035K

963K

Philadelphia Fed. (JUL)

14:00

16.0

23.9

Fed's James Bullard Speaks on Monetary Policy

17:35

Click Here for the DailyFX Calendar

--- Written by David Song, Currency Analyst

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

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

Trade Alongsidethe DailyFX Team on DailyFX on Demand

Looking to use the DailyFX Trade Signals LIVE? Check out Mirror Trader.

New to FX? Watch this Video

Join us to discuss the outlook for the major currencies on the DailyFXForums

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

DISCLOSURES

News & Analysis at your fingertips.