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.

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
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Mixed
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
Bullish
GBP/USD
Bearish
USD/JPY
Bullish
More View more
Real Time News
  • 🇺🇸 NAHB Housing Market Index (JUN) Actual: 81 Expected: 83 Previous: 83 https://www.dailyfx.com/economic-calendar#2021-06-15
  • 🇺🇸 Business Inventories MoM (APR) Actual: -0.2% Expected: -0.1% Previous: 0.2% https://www.dailyfx.com/economic-calendar#2021-06-15
  • IG Client Sentiment Update: Our data shows the vast majority of traders in USD/CHF are long at 74.02%, while traders in France 40 are at opposite extremes with 80.05%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/sFrrynaDw7
  • $Gold setting up camp on this support, same spot of prior confluent resistance from the bull flag breakout $GC $GLD https://t.co/FE5bl3c9gW
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.52% Gold: 0.00% Silver: -0.62% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/dbJZhVXKhu
  • Heads Up:🇺🇸 NAHB Housing Market Index (JUN) due at 14:00 GMT (15min) Expected: 83 Previous: 83 https://www.dailyfx.com/economic-calendar#2021-06-15
  • Heads Up:🇺🇸 Business Inventories MoM (APR) due at 14:00 GMT (15min) Expected: -0.1% Previous: 0.3% https://www.dailyfx.com/economic-calendar#2021-06-15
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: France 40: 0.44% Germany 30: 0.29% FTSE 100: 0.21% Wall Street: 0.03% US 500: 0.02% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/wUKJcyCkjB
  • 🇺🇸 Industrial Production YoY (MAY) Actual: 16.3% Previous: 16.5% https://www.dailyfx.com/economic-calendar#2021-06-15
  • 🇺🇸 Industrial Production MoM (MAY) Actual: 0.8% Expected: 0.6% Previous: 0.1% https://www.dailyfx.com/economic-calendar#2021-06-15
New Zealand Dollar Gains Despite Weaker Exports, Imports Data

New Zealand Dollar Gains Despite Weaker Exports, Imports Data

David Liu, Technical Strategist

The Takeaway: NZ February trade data shows weaker exports, previous data revised lower > additional pressures on export-oriented economy > NZDUSD gains in low liquidity

The New Zealand dollar moderately strengthened after February trade data showed weaker exports and imports, including lower revisions for the previous month’s data. Major reactions in Kiwi crosses were subdued with slightly better trade balance and low-liquidity trading in pre-Asia markets. Further pressures on the substantial export sectors of the New Zealand economy is expected, with exports to China showing a substantial decline.

EVENT

ACT

EXP

PREV

Trade Balance (FEB)

161M

153M

-159M

Exports (FEB)

3.59B

3.93B

3.73B

Imports (FEB)

3.43B

3.65B

3.89B

Trade Balance 12mo YTD (FEB)

621M

712M

644M

Total Exports to Australia (FEB)

750.2M

-

726.0M

Total Exports to China (FEB)

526.3M

-

626.6M

A breakdown of New Zealand trade to major destinations showed a large impact of further Chinese economic fine tuning, with total exports falling to a three month low. Although breakdown by merchandise is not available yet, reports earlier in the month from dairy producer Fonterra indicated that exports of dairy and other soft commodities to China may slow. Trade between New Zealand and its largest partner Australia gained on a comparatively more optimistic domestic Australian economy.

New_Zealand_Dollar_Gains_Despite_Weaker_Exports_body_Picture_5.png, New Zealand Dollar Gains Despite Weaker Exports, Imports Data

-Data Bloomberg

The New Zealand dollar gained moderately versus the US dollar immediately after the report despite weaker data in all reports except monthly trade balance. With no more data scheduled during the Asian session and the effects of the trade data largely market-neutral, the New Zealand dollar is expected to follow general risk trends for the rest of the morning.

New_Zealand_Dollar_Gains_Despite_Weaker_Exports_body_Picture_4.png, New Zealand Dollar Gains Despite Weaker Exports, Imports Data

Chart generated with FXCM Strategy Trader

-- By David Liu, DailyFX Research

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

DISCLOSURES