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
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
Oil - US Crude
Bullish
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
GBP/USD
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
USD/JPY
Mixed
More View more
Real Time News
  • Heads Up:🇬🇷 Unemployment Rate (JAN) due at 09:00 GMT (15min) Previous: 15.8% https://www.dailyfx.com/economic-calendar#2021-04-15
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here: https://t.co/7t4BzmLg8w https://t.co/q7YCOo8DM1
  • US Dollar Looks to Retail Sales, Jobless Claims Data for a Lifeline - https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2021/04/15/US-Dollar-Looks-to-Retail-Sales-Jobless-Claims-Data-for-a-Lifeline.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #dollar #retailsales #joblessclaims https://t.co/vJVKJ5P92g
  • Heads Up:🇬🇧 BoE Credit Conditions Survey due at 08:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-04-15
  • 🇪🇸 Balance of Trade (FEB) Actual: €-1.082B Previous: €-1.769B https://www.dailyfx.com/economic-calendar#2021-04-15
  • 🇮🇹 Inflation Rate YoY Final (MAR) Actual: 0.8% Expected: 0.8% Previous: 0.6% https://www.dailyfx.com/economic-calendar#2021-04-15
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.93%, while traders in France 40 are at opposite extremes with 75.22%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/F80m5ro5O1
  • Heads Up:🇪🇸 Balance of Trade (FEB) due at 08:00 GMT (15min) Previous: €-1.769B https://www.dailyfx.com/economic-calendar#2021-04-15
  • Heads Up:🇮🇹 Inflation Rate YoY Final (MAR) due at 08:00 GMT (15min) Expected: 0.8% Previous: 0.6% https://www.dailyfx.com/economic-calendar#2021-04-15
  • German Health Minister says Germany will have 20% of population vaccinated by the end of April $EUR
NZ Trade Data Beats Estimates On Heels of RBNZ Rate Decision

NZ Trade Data Beats Estimates On Heels of RBNZ Rate Decision

Jason Shemtob,

THE TAKEAWAY: New Zealand trade data comes in higher than expected, led by increased exports > Growth in trade surplus should increase NZD value > NZD Outlook: Bullish

New Zealand’s trade balance surplus in March surpassed expectations, coming in at NZ$718 million versus estimates of NZ$470 million and February’s balance of NZ$441 million. The surplus was led by an increase in exports from NZ$3.91 billion in February to NZ$4.42 billion in March, with Japan and China increasing their NZ imports substantially. Meanwhile, imports also came in below expectations at NZ$3.70 billion versus estimates of NZ$3.82 billion. The Kiwi rose against the dollar immediately following the data release.

New to FX? Watch this free introductory course.

New Zealand’s positive trade report comes on the heels of yesterday’s decision by the Reserve Bank of New Zealand to maintain the cash rate at 2.5%. While RBNZ officials admitted to concerns of rising home prices and an appreciating Kiwi, they expect to maintain a 2.5% rate for the remainder of the year. Today’s strong trade data report should certainly help in bolstering their decision to not decrease rates, as for the time being it appears that the rise in the Kiwi’s value has yet to impact exports negatively. This fact along with the positive economic implications of an increasing trade surplus should only push the currency’s value higher moving forward

(NZD/USD 2 Hour Chart)

NZ_Trade_Data_Beats_Estimates_On_Heels_of_RBNZ_Rate_Decision_body_Picture_1.png, NZ Trade Data Beats Estimates On Heels of RBNZ Rate Decision

Created by Jason using MarketScope 2.0

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

DISCLOSURES