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
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
More View more
Real Time News
  • It seems the markets are riding high, but risk is always lurking around the corner. Consider your escape plan before you find yourself in collapsing market. What are the top havens for different conditions in 2021? Find out from @JohnKicklighter here:
  • Myth or fact? One thing is for sure, there are a lot of misconceptions about trading. Knowing the difference between common trading myths and the reality is essential to long-term success. Find out about these 'myths' here:
  • What are some monetary policies that could affect Gold this quarter? Get your Gold free forecast here: #DailyFXGuides
  • Even more remarkable than the record high levels of leverage registered in US equities this past week was the attention it garnered. Paying attention to risk is a threat when markets are this high and the docket as dense as it is this week. My outlook:
  • 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:
  • Are you new to trading? Technical analysis of charts aims to identify patterns and market trends by utilising different forms of technical chart types and other chart functions. Get a refresher on technical analysis or begin building your knowledge here:
  • USD hegemony is at risk thanks to changes in the global economy and the long-term consequences of the US-China trade war. Get your market update from @CVecchioFX here:
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out
  • Use this technical analysis pattern recognition skills test to sharpen your knowledge:
  • The formation of several bullish technical patterns suggests that the haven-associated Japanese Yen is at risk of further losses against the Euro and Australian Dollar. Get your market update from @DanielGMoss here:
Kiwi Undecided After Markets Gain Little Direction from Fed, Exports Weakened

Kiwi Undecided After Markets Gain Little Direction from Fed, Exports Weakened

Gary Kerdus,

THE TAKEWAY: Terms of Trade Index drops to September 2009 levels > Suggests economic weakness, further supported by poor PMI figures > Kiwi undecided after Fed’s statement

The New Zealand Terms of Trade Index registered -2.6 for the second quarter of 2012 which was the lowest level since September 2009. The index’s decline signals prices for New Zealand exports have been worth less than the prices paid for goods imported which may cause harm to the economy. Moreover, recent PMI figures may provide confirmation that current conditions for the manufacturing industry have begun to contract.

On Friday the New Zealand Dollar initially found support during Bernanke’s remarks hinting additional quantitative easing might be on the table if needed. However, the Kiwi appeared to have found strong resistance around the .8040 area and is now trading around .7994. Mixed interpretations over whether new stimulus will be introduced appears to have markets rather undecided. The Kiwi currency is a higher-yielding pair and is considered a higher-risk investment which subsequently implies that it tends to trade with general risk-linked trends.

NZD/USD, Daily Chart

Kiwi_Undecided_After_Markets_Gain_Little_Direction_from_Fed_Exports_Weakened_body_Picture_1.png, Kiwi Undecided After Markets Gain Little Direction from Fed, Exports Weakened

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