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
Wall Street
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
  • Trading Forex is not a shortcut to instant wealth, excessive leverage can magnify losses, and sentiment is a powerful indicator. Learn about these principles in depth here:
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here:
  • The Japanese Yen is eyeing the upcoming Bank of Japan rate decision and CPI figures, but JPY crosses will likely remain dependent on broader market sentiment. Get your weekly $JPY forecast from @FxWestwater here:
  • 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:
  • Crude and Brent oil are on track to extend higher as Gulf Coast supply disruptions and a positive OPEC report bolster sentiment. Uranium is on a massive surge, aided by the famous Wall Street Bets group. Get your market update from @FxWestwater here:
  • RT @michaeljburry: Read thread.
  • The Australian Dollar has retraced from August lows when looking at AUD/JPY and AUD/CAD. However, the AUD/NZD downtrend is intact, will a reversal there appear as well? Find out:
  • The S&P 500, Dow Jones and DAX 30 could be at risk of falling as retail traders continue increasing their upside exposure in these indices. What are the key technical levels to watch for? Find out from @ddubrovskyFX here:
  • The US Dollar continues to hold its ground against most ASEAN currencies as recent downtrends lose momentum. What is the road ahead for USD/SGD, USD/THB, USD/PHP and USD/IDR? Find out from @ddubrovskyFX here:
  • The Canadian Dollar has been caught in broad ranges against the Euro and the US Dollar, but can the upside bias in USD/CAD and EUR/CAD prolong? Find out here:
NZD/USD at Risk for Further Losses on Growing Bets for RBNZ Rate Cut

NZD/USD at Risk for Further Losses on Growing Bets for RBNZ Rate Cut

David Song, Strategist

Talking Points:

- NZD/USD Retail Crowd Remains Heavily Net-Long Even as Bearish Formation Remains in Play.

- AUD/USD Outlook Mired as IMF Calls for Dovish RBA Policy Stance.

- USDOLLAR Rebound to Face Triangle/Wedge Formation From April; Core PCE in Focus.

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


NZD/USD Daily Chart

Chart - Created Using FXCM Marketscope 2.0

  • Despite the near-term bounce in NZD/USD, the pair remains at risk for a further decline as price & RSI retain the bearish trend carried over from back in April; technical outlook still favors the approach to sell-bounces in kiwi-dollar.
  • The New Zealand dollar remains at risk of facing further headwinds ahead of the Reserve Bank of New Zealand’s July 22 interest rate decision should the Trade Balance report heighten bets a back-to-back rate cut.
  • Nevertheless, DailyFX Speculative Sentiment Index (SSI) shows retail crowd remains net-long NZD/USD since May 19, with the ratio holding near extremes as it sits to +3.12.


AUD/USD Daily Chart
  • AUD/USD may continue to give back the advance from earlier this month following the failed attempt to push back above former support around 0.7820 (38.2% retracement) to 0.7860 (61.8% expansion).
  • As the International Monetary Fund (IMF) argues the Reserve Bank of Australia (RBA) should take a more dovish stance for monetary policy, may see the aussie come under increased pressure should Governor Glenn Stevens show a greater willingness to implement lower borrowing-costs while toughening the verbal intervention on the local currency.
  • Need a break/close below key support around 0.7570 (50% expansion) to 0.7590 (100% expansion) to see a resumption of the long-term bearish trend.

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

Read More:

USDOLLAR Rips Into Well-Defined Level

GBPJPY Opening Range Setup- Long Scalps Vulnerable Sub 195.50

USDOLLAR(Ticker: USDollar):





Daily Change (%)

Daily Range (% of ATR)

DJ-FXCM Dollar Index






NZD/USD at Risk for Further Losses on Growing Bets for RBNZ Rate CutUSDOLLAR Daily Chart

Chart - Created Using FXCM Marketscope 2.0

  • Despite the limited market reaction to the final 1Q GDP report, the Dow Jones-FXCM U.S. Dollar may continue to retrace the decline from earlier this month as price & RSI breaks out of the bearish formation.
  • Beyond market forecasts for a pickup in Personal Income, will keep a close eye on the core Personal Consumption Expenditure (PCE) as the Fed’s preferred gauge is expected to hold steady at an annualized 1.2% for the second straight month- the slowest pace of growth since February 2014.
  • Will keep a close eye on 11,898 (50% retracement) to 11,901 (78.6% expansion), with a close above the key region likely to the next topside targets around 11,951 (38.2% expansion) to 11,965 (23.6% retracement).

Join DailyFX on Demand for Real-Time SSI Updates!

NZD/USD at Risk for Further Losses on Growing Bets for RBNZ Rate Cut

Click Here for the DailyFX Calendar

--- Written by David Song, Currency Analyst

To contact David, e-mail 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.