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
Bearish
Oil - US Crude
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
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
Bearish
GBP/USD
Bearish
USD/JPY
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
More View more
Real Time News
  • My trading video for today: '$USDCNH Hits Series Record but Neither $AUDUSD nor S&P 500 Follow' https://www.dailyfx.com/forex/video/daily_news_report/2020/05/28/USDCNH-Hits-Series-Record-but-Neither-AUDUSD-nor-SP-500-Follow.html?ref-author=Kicklighter&QPID=917719&CHID=9
  • Silver has been beaten handily by gold in the rush to haven assets inspired by the contagion. However, the gold/silver ratio was rising steadily before this crisis and will probably continue to do so. Get your #silver market update from @DavidCottleFX here:https://t.co/00DiZn6XZS https://t.co/J9vu94TSZo
  • Bank of Korea🇰🇷 - Central bank to actively buy government bonds if needed - Considering various steps to stabilize bond markets (BBG) #coronavirus
  • Bank of Korea says US-China tension would be a downside risk to Korea - BBG Learn more about the impact of geopolitics on financial markets from @ZabelinDimitri - https://www.dailyfx.com/authors/Dimitri_Zabelin
  • Bank of Korea says they intend to use tools other than interest rates - BBG #USDKRW #coronavirus
  • EUR/USD has rallied the best part of one big figure so far today and nears important resistance around the 1.1000/1.1020 area. Get your $EURUSD technical analysis from @nickcawley1 here: https://t.co/dJ1UzJSqHR https://t.co/kEe7i3umdh
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Silver: 0.48% Gold: 0.37% Oil - US Crude: -2.88% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/ccW8V5Pkko
  • Funny experiment: if you google "split rating" without adding the word "finance" to the end, you just get James McAvoy staring at you intensely.
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.17% 🇦🇺AUD: 0.11% 🇬🇧GBP: 0.08% 🇳🇿NZD: 0.05% 🇨🇭CHF: 0.04% 🇯🇵JPY: -0.10% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/AcfM8c2HHF
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.01%, while traders in US 500 are at opposite extremes with 76.24%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/fIWcZgb3Ay
NZD/USD Drops as RBNZ Hints at Prospective Future Easing

NZD/USD Drops as RBNZ Hints at Prospective Future Easing

2016-01-28 03:39:00
Varun Jaitly,
Share:

Talking Points:

  • NZDUSD depreciates after RBNZ monetary statement suggest further easing for the year may be necessary
  • RBNZ says global demand and China slowdown has increased uncertainty amid falling key commodity prices
  • RBNZ maintains positive growth outlook for 2016, due to immigration, tourism, and domestic growth indicators

Find key turning points for the New Zealand Dollar with DailyFX SSI

The New Zealand Dollar depreciated roughly 1 percent today against its US counterpart after the Reserve Bank of New Zealand Governor Wheeler hinted at possible easing. Rates themselves were unchanged at 2.5 percent, however the statements following the decisions cited major concerns for the NZD and possible future monetary policy. The Reserve Bank of New Zealand was overt with their expectations of further appropriate depreciation for the NZD, suggesting it was in line with falling export prices. Currency strategist Ilya Spivak outlines key bearish levels in his technical analysis of the NZD/USD.

Global growth concerns paired with falling key commodity prices were cited as a major reason for the RBNZ’s depreciation concerns. The price of Oil has been consistent in its effect on global growth outlook for many central banks, the RBNZ is no different, and along with Oil it has cited low global inflation growth and market volatility. These are themes that have commonly been cited in central bank statements, however due to the nature of New Zealand’s commodity export based economy, falling prices hold more precedent.

The RBNZ in its statement outlined domestic growth updates as well, maintaining 2016 growth within the context of a “Softer” 2015. Some of the factors accredited to boosting domestic growth were immigration, tourism, increased construction activity, as well as both business and consumer confidence. Falling fuel prices were blamed for the low headline CPI, however annual core inflation is in line with expectations. The RBNZ’s inflation expectations remain stable for the time being.

NZD/USD Drops as RBNZ Hints at Prospective Future Easing

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

DISCLOSURES

News & Analysis at your fingertips.