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.

Free Trading Guides
EUR/USD
Bullish
Oil - US Crude
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
Wall Street
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
Gold
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
GBP/USD
Mixed
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
Breaking news

President Trump formally announces beginning of process to terminate Hong Kong's special treatment status. Announces US will terminate relationship with the World Health Organization.

Real Time News
  • Euro Breakout or Fake-Out? EUR/USD, EUR/JPY Surge to Fresh Highs https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2020/05/29/Euro-Breakout-or-Fake-Out-EUR-USD-EUR-JPY-Surge-JS-Euro-to-US-Dollar.html https://t.co/LHfiPGsEW4
  • Even the Hong Kong Dollar is up after that press conference...
  • Eminis treating that press conference like 'that was it?' Market seemed to have fully accounted for the HK special status situation
  • Trump: - Hong Kong is no longer sufficiently autonomous - Beginning the process to eliminate special treatments given to Hong Kong $SPX
  • Trump: - Taking action to protect the U.S. financial system and directing working group to study the differing practices of Chinese companies listed on U.S. exchanges $DXY $NDX
  • President Trump is listing out his accusations for China. Normally, would consider this lead up to sanctions, but he doesn't always follow that playbook
  • President Trump says investment firms should not be subjecting their clients to investing in Chinese companies that do not play by the same rules $FXI
  • Quite the strong language here, #SP500, #DowJones turning lower as #USD rises after brief 'risk-on' spike on reports Trump is not planning to quit the phase-one deal with China. Trump also said the US is 'terminating relationship' with the #WHO https://t.co/nc9wFepYyZ
  • Trump: - We will be terminating our relationship with the WHO and diverting those funds to other health needs around the world $SPX
  • President Trump says the United States is terminating its relationship with the WHO
New Zealand Dollar Consolidated as Consumer Borrowing Increased

New Zealand Dollar Consolidated as Consumer Borrowing Increased

2012-07-20 04:10:00
Gary Kerdus,
Share:

THE TAKEWAY: Credit card spending increased > Markets may be waiting to take direction on RBNZ rate decision next week > New Zealand Dollar consolidates

The New Zealand Dollar consolidated as credit card spending increased to 4.6 percent in June, year over year, from 3.9 percent in May. The figure falls in line with the six year average credit spending rate at 4.4 percent. A pickup in credit consumption tends to bode well initially for the economy as greater spending would imply that goods and services should circulate at a quicker rate. It’s unclear as to whether the increase in credit consumption has had an impact on inflation as second quarter CPI fell to 1 percent from 1.6 percent on the year.

Markets may be waiting for the Reserve Bank of New Zealand rate decision on July 26 to take decisive action on their bets. According to Credit Suisse figures, traders appear to be anticipating a 95 percent chance of no change to the current 2.50 percent benchmark lending rate. Furthermore, holding positions over the weekend can carry a greater risk of loss, so it’s of little surprise that price was relatively unchanged entering into the last day of trading for the week.

New_Zealand_Dollar_Consolidated_as_Consumer_Borrowing_Increased_body_Picture_1.png, New Zealand Dollar Consolidated as Consumer Borrowing Increased

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

DISCLOSURES

News & Analysis at your fingertips.