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. See our updated Privacy Policy here.

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
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
More View more
Real Time News
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.03% 🇨🇦CAD: -0.03% 🇪🇺EUR: -0.07% 🇬🇧GBP: -0.09% 🇦🇺AUD: -0.09% 🇳🇿NZD: -0.14% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/DebOdcQabP
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: Wall Street: -0.31% FTSE 100: -0.51% Germany 30: -0.69% US 500: -0.75% France 40: -0.76% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/iUg2nPVyUQ
  • Emotions are often a key driving force behind FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here: https://t.co/eILWbFgHRE https://t.co/3slfUlBMvq
  • The Swiss Franc’s technical stance against the New Zealand Dollar and Japanese Yen has brightened, with the technical outlook in NZD/CHF and CHF/JPY primed to benefit CHF. Get your market update from @FxWestwater here:https://t.co/u4GY00QpgC https://t.co/WyAsQcl1Ra
  • 🇸🇬 Unemployment Rate Prel (Q2) Actual: 2.7% Previous: 2.9% https://www.dailyfx.com/economic-calendar#2021-07-30
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Silver: 0.25% Gold: 0.03% Oil - US Crude: -0.52% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/bgDO7ntMjQ
  • The Citi Economic Surprise Index tracking the US just turned negative for the first time since June 2020 This means economists are now overestimating the health and vigor of the economy, opening the door to disappointment ahead This does note bode well for NFPs next week...
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.00% 🇨🇭CHF: -0.04% 🇪🇺EUR: -0.05% 🇦🇺AUD: -0.09% 🇨🇦CAD: -0.13% 🇳🇿NZD: -0.15% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/yZQPhHsvEr
  • Heads Up:🇸🇬 Unemployment Rate Prel (Q2) due at 02:30 GMT (15min) Previous: 2.9% https://www.dailyfx.com/economic-calendar#2021-07-30
  • Amazon Earnings Cast a Shadow on Nasdaq 100. APAC Stocks to Open Mixed https://www.dailyfx.com/forex/market_alert/2021/07/30/Amazon-Earnings-Cast-a-Shadow-on-Nasdaq-100-APAC-Stocks-to-Open-Mixed.html https://t.co/R5aoytGQvQ
NZD/USD Unchanged as RBNZ Says Policy Will Remain Accommodative

NZD/USD Unchanged as RBNZ Says Policy Will Remain Accommodative

Varun Jaitly,

Talking Points:

  • RBNZ holds rates at 1.75% as expected, says policy will be accommodative for consider period
  • The central bank favored the 4% depreciation in the NZD since February, however more is needed
  • December quarter GDP data was weaker than expected, but attributed to temporary factors

See how retail traders are positioning in the majors using the DailyFX SSI readings on the sentiment page.

The New Zealand Dollar initially strengthened against the US Dollar before returning to its pre-event price level, following the RBNZ rate decision. The central bank held interest rates at 1.75 percent, as expected, and further signaled that monetary policy will remain accommodative “for a considerable period”. The bank cited uncertainty in its international outlook.

The bank expects headline inflation to be variable over the coming year due to food and import price dynamics. However, the RBNZ does see inflation returning to its target band in the medium-term.

The Bank noted a weaker than expected GDP report for the December quarter. Although, they attribute this to temporary factors. The growth outlook remains positive, further supported by accommodative monetary policy.

The RBNZ also cited the 4 percent depreciation since February as favorable, but noted that further depreciation is needed “achieve more balanced growth”.

NZD/USD Unchanged as RBNZ Says Policy Will Remain Accommodative

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

DISCLOSURES