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
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Mixed
Wall Street
Bullish
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • 🇩🇪 Balance of Trade s.a (JAN) Actual: €22.2B Expected: €16.4B Previous: €16.4B https://www.dailyfx.com/economic-calendar#2021-03-09
  • 🇩🇪 Balance of Trade (JAN) Actual: €14.3B Previous: €15.2B https://www.dailyfx.com/economic-calendar#2021-03-09
  • 🇩🇪 Balance of Trade (JAN) Actual: €14.3B Previous: €14.8B https://www.dailyfx.com/economic-calendar#2021-03-09
  • 🇩🇪 Balance of Trade s.a (JAN) Actual: €22.2B Expected: €16.4B Previous: €16.1B https://www.dailyfx.com/economic-calendar#2021-03-09
  • Brush up your knowledge on #tradewars with this tool from DailyFX research briefly outlining trade-war history dating back to the early 1900s here: https://t.co/ZWaL6laTU5 https://t.co/1gdOjST2dn
  • Heads Up:🇩🇪 Balance of Trade s.a (JAN) due at 07:00 GMT (15min) Expected: €16.4B Previous: €16.1B https://www.dailyfx.com/economic-calendar#2021-03-09
  • Heads Up:🇩🇪 Balance of Trade (JAN) due at 07:00 GMT (15min) Previous: €14.8B https://www.dailyfx.com/economic-calendar#2021-03-09
  • (Commodities Briefing) Silver Broke Key Trendline? WTI Brushed Aside Saudi Arabian Oil Facility Attack #Silver #CrudeOil #XAGUSD #USD https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/03/09/Silver-Broke-Key-Trendline-WTI-Brushed-Aside-Saudi-Arabian-Oil-Facility-Attack.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/ct7xKeuru8
  • Nasdaq futures rally as much as 1.4% and Asian stocks stabilize after China intervenes to halt accelerating equity meltdown - BBG
  • Central banks often deem it necessary to intervene in the foreign exchange market to protect the value of their national currency. Learn how central bank intervention can impact your trading here: https://t.co/8G8mUX4so6 https://t.co/M2XQ1iECkp
Positive NZ GDP Surprise Bolsters Kiwi Value

Positive NZ GDP Surprise Bolsters Kiwi Value

Jason Shemtob,

THE TAKEAWAY: New Zealand’s GDP (4Q) numbers surpassed expectations at 1.5% QoQ and 3.0% YoY growth > Positive economic data should lessen short term economic risk, but RBNZ action still a possibility > NZD Outlook Bullish

New Zealand’s 4Q GDP numbers came in well above expectations with QoQ growth at 1.5% versus estimates of 0.9% and YoY growth at 3.0% versus estimates of 2.3%. The Kiwi jumped following the data release as investor’s fears of an economic slowdown were placated.

While the impressive GDP numbers are likely to bolster the island nation’s economic sentiment in the short term, long term concerns over economic growth remain. The northern part of the country has been in the thralls of a major economic drought, which has significantly damaged the country’s key livestock trade and could cause a fall in economic output in later months. Meanwhile the risk of a rate increase by the country’s central bank remains a mild, but reasonable concern, thanks to the dovish-toned comments recently made by RBNZ head Graeme Wheeler. Forex invetsors should keep all these factors in mind when evaluating the positive GDP numbers.

New to FX? Register for this free 20 minute course HERE and learn common FX terms like leverage and how to implement conservative amounts.

NZD/USD (2 hour chart)

Positive_NZ_GDP_Surprise_Bolsters_Kiwi_Value__body_Picture_1.png, Positive NZ GDP Surprise Bolsters Kiwi Value

Created by Jason Shemtob Using Marketscope 2.0

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

DISCLOSURES