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.

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
Bearish
Oil - US Crude
Bearish
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
Wall Street
Bearish
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
Gold
Bearish
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • Heads Up:🇨🇳 Communist Party Annual Meeting due at 00:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-10-29
  • Heads Up:🇯🇵 Retail Sales YoY (SEP) due at 23:50 GMT (15min) Expected: -7.7% Previous: -1.9% https://www.dailyfx.com/economic-calendar#2020-10-28
  • Heads Up:🇯🇵 Foreign Bond Investment (24/OCT) due at 23:50 GMT (15min) Previous: ¥419.8B https://www.dailyfx.com/economic-calendar#2020-10-28
  • The New Zealand Dollar may continue to outperform the haven-associated US Dollar as price breaks above key long-term resistance. Get your $NZDUSD market update from @DanielGMoss here:https://t.co/D1DxtDkJXd https://t.co/7sESxSVQTr
  • - Biden-Trump betting odds continue to show Biden way ahead of the incumbent - Investors should not get complacent – there is precedent for an unexpected win - Gold price decline may accelerate after XAU/USD broke a multi-week uptrend https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2020/10/28/Gold-Selloff-to-Accelerate-With-Less-Than-a-Week-Until-Election-Day.html
  • GBP/USD looks likely to continue to trade around the 1.30 level as the talks between the EU and the UK on their future trade relationship continue. Get your GBP/USD market update here:https://t.co/RwiU3esd2q https://t.co/8OnddX6Tbb
  • Wall Street Futures Update: Dow Jones (+0.451%) S&P 500 (+0.498%) Nasdaq 100 (+0.530%) [delayed] -BBG
  • What is the US Dollar outlook based on retail positioning ahead of the November 3rd presidential election? EUR/USD may fall as AUD/USD rises. Which way could USD/CAD capitulate? Find out from @ddubrovskyFX here:https://t.co/BVoIcR9anM https://t.co/QMJsW54Ijr
  • Read this now⬇️ https://t.co/FdPt6fBbYD
  • With #Election2020 around the corner, could stock markets predict the outcome? As of today, the #DowJones and #SP500 averaged: +1.86% a year before the election -1.79% 3 months before the vote Historically, what may this mean for the incumbent/Trump? - https://www.dailyfx.com/forex/fundamental/article/special_report/2020/10/28/SP-500-Dow-Jones-Can-Stock-Markets-Predict-Presidential-Elections.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/k9jdS7adQJ
New Zealand Dollar Falls as Growth Data Disappoints Traders

New Zealand Dollar Falls as Growth Data Disappoints Traders

2012-03-21 22:46:00
Eric Andersen,
Share:

THE TAKEAWAY: New Zealand 4Q GDP grew 0.3% vs. 0.6% forecast > Traders Surprised by Weaker than Expected Results > NZDUSD Drops

New_Zealand_Dollar_Falls_as_Growth_Data_Disappoints_Traders_body_Picture_5.png, New Zealand Dollar Falls as Growth Data Disappoints Traders

Data released by Statistics New Zealand showed that the country’s economy grew 0.3 percent in the fourth quarter of 2011, failing to meet the 0.6 percent growth rate that analysts expected. The figure was smaller than the 0.7 percent growth rate reported in the previous period. The economy maintained a 1.8 percent growth rate from the prior year and missed the forecasted rate of 2.2 percent.

Financial markets, agriculture, and consumer markets were the primary economic growth contributors, expanding 1.3 percent, 3.5 percent, and 2.2 percent, respectively. However, a 2.5 percent drawdown in the manufacturing industry weighed on the overall growth data.

Both growth figures fell significantly short of what the market expected, weighing on the probability that the Reserve Bank of New Zealand would raise interest rates in the near future. As a result, traders shifted their portfolios away from the Kiwi. After the release, the NZDUSD dropped from 0.815 to 0.810, only to slightly recover a few minutes later, hovering around 0.811.

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

DISCLOSURES