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
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
  • Indices Update: As of 08:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 1.45% France 40: 1.26% Germany 30: 1.20% US 500: 1.15% Wall Street: 0.97% View the performance of all markets via
  • Heads Up:🇪🇸 Markit Manufacturing PMI (FEB) due at 08:15 GMT (15min) Expected: 52 Previous: 49.3
  • Euro Price Forecast: EUR/USD, EUR/JPY Eyeing ECB Weekly Bond Purchases - $EUR $EURUSD $EURJPY
  • 🇨🇭 Retail Sales YoY (JAN) Actual: -0.5% Previous: 5.4%
  • Heads Up:🇨🇭 Retail Sales YoY (JAN) due at 07:30 GMT (15min) Previous: 4.7%
  • Slippage can be a common occurrence in forex trading but is often misunderstood. Understanding how forex slippage occurs can enable a trader to minimize negative slippage, while potentially maximizing positive slippage. Learn about FX slippage here:
  • 🇷🇺 Markit Manufacturing PMI (FEB) Actual: 51.5 Previous: 50.9
  • Heads Up:🇷🇺 Markit Manufacturing PMI (FEB) due at 06:00 GMT (15min) Previous: 50.9
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.74%, while traders in GBP/JPY are at opposite extremes with 64.08%. See the summary chart below and full details and charts on DailyFX:
NZD/USD Holding Pattern Vulnerable to Widening NZ Trade Deficit

NZD/USD Holding Pattern Vulnerable to Widening NZ Trade Deficit

David Song, Strategist

Talking Points:

- NZD/USD Rebound Stalls Ahead of Month High- Range Vulnerable to Widening NZ Trade Deficit.

- USDOLLAR Advance Vulnerable to Dismal 4Q Gross Domestic Product (GDP) Report.

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


NZD/USD Daily Chart

Chart - Created Using FXCM Marketscope 2.0

  • NZD/USD may continue to consolidate within a triangle/wedge formation ahead of the Reserve Bank of New Zealand’s (RBNZ) March 10 policy meeting as Governor Graeme Wheeler keeps the door open to implement lower borrowing-costs, but the long-term outlook remains tilted to the downside as price & the Relative Strength Index (RSI) preserve the bearish formations carried over from 2015.
  • With New Zealand anticipated to post a larger trade deficit in January, a dismal development may fuel speculation for an RBNZ rate-cut amid the ongoing easing cycle in the Asia/Pacific region.
  • Will continue to watch the opening monthly range for NZD/USD as it remains stuck within a continuation, with a move back below 0.6550 (50% retracement) raising the risk for a resumption of the long-term downward trend.
  • Despite the range-bound price action, the DailyFX Speculative Sentiment Index (SSI) shows the retail FX crowd remains net-short NZD/USD since February 16, with the ratio hitting a near-term extreme earlier this month as the figure slipped below -1.50.
  • The retail crowd appears to be fading the near-term advance in NZD/USD as the ratio slips to -1.43, with short-positions 9.0% higher from the previous week.

Why and how do we use the SSI in trading? View our video and download the free indicator here

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

USDOLLAR(Ticker: USDollar):





Daily Change (%)

Daily Range (% of ATR)

DJ-FXCM Dollar Index






NZD/USD Holding Pattern Vulnerable to Widening NZ Trade DeficitUSDOLLAR Daily Chart

Chart - Created Using FXCM Marketscope 2.0

  • Despite the larger-than-expected rebound in U.S. Durable Goods Orders, the USDOLLAR remains capped by the 50-Day SMA (12,157), with the greenback at risk of facing near-term headwinds as the advance 4Q Gross Domestic Product (GDP) report is anticipated to show a downward revision in the growth rate to an annualized 0.4% from an initial reading of 0.7%.
  • Nevertheless, as the core Personal Consumption Expenditure (PCE), the Fed’s preferred gauge for inflation, is anticipated to show a pickup in January, signs of stronger price growth may limit the downside risk for the greenback; will watch fresh comments from Fed Governor Jerome Powell and Lael Brainard especially as the U.S. economy approaches ‘full-employment.’
  • Even though the USDOLLAR holds within the previous day’s range, will keep a close eye on the topside targets as the RSI carves a bullish formation, with 12,176 (78.6% expansion) to the 12,200 pivot standing on the radar.
NZD/USD Holding Pattern Vulnerable to Widening NZ Trade Deficit

Read More:

US Dollar – Where the Rubber Meets the Road?

EUR/USD – Bullish Views Getting Put to the Test

S&P 500 – Symmetry Rules

Constructive Copper Pattern adds to AUD/USD Intrigue

Get our top trading opportunities of 2016 HERE

Avoid the pitfalls of trading by steering clear of classic mistakes. Review these principles in the "Traits of Successful Traders" series.

--- 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

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