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
More View more
Breaking news

Federal Reserve Leaves Interest Rates Unchanged, Maintains Monthly Asset Purchases

Real Time News
  • Heads Up:🇯🇵 Foreign Bond Investment (24/JUL) due at 23:50 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-07-28
  • Heads Up:🇯🇵 Foreign Bond Investment (17/JUL) due at 23:50 GMT (15min) Previous: ¥-1217.8B https://www.dailyfx.com/economic-calendar#2021-07-28
  • The S&P 500 and Dow Jones could remain biased higher now that retail investors are back to aggressively shorting them. But, will recent shifts in sentiment materially change the broader outlook? Find out from @ddubrovskyFX here:https://t.co/RPirU4f4sp https://t.co/J0TQgOtRc4
  • 7 out of 11 S&P 500 sectors ended lower, with 55.6% of the index’s constituents closing in the red. Energy (+0.97%) and communication services (+0.75%) outperformed, whereas consumer staples (-0.87%) and utilities (-0.69%) lagged behind. https://t.co/akEBY85xtc
  • Senate votes to begin debate on bipartisan infrastructure deal -BBG
  • Senate has votes to advance bipartisan infrastructure proposal -BBG
  • US Dollar Outlook: DXY Whipsaws as Fed's Powell Stays Evasive The $USD ripped-then-dipped around the Fed announcement and Powell presser as markets digested a nod to goal progress that is not yet substantial. Now what? Link to Analysis - https://www.dailyfx.com/forex/market_alert/2021/07/28/us-dollar-outlook-dxy-whipsaws-as-fed-powell-stays-evasive.html #Forex #Trading https://t.co/gQjk8BQnH4
  • RT @LeaderMcConnell: Based on a commitment from Leader Schumer to Senators Portman and Sinema that the Portman-Sinema amendment to be filed…
  • The price of oil defends the advance from the monthly low ($65.01) amid a larger-than-expected decline in US inventories. Get your #crudeoil market update from @DavidJSong here:https://t.co/Bwfi4Zybkv https://t.co/BPWtwLnBMU
  • RT @burgessev: Barring something really surprising, Senate will move forward on bipartisan infrastructure deal shortly. Capito says: "I pla…
New Zealand Dollar Dips on Soft Unemployment Data, Fed in Focus

New Zealand Dollar Dips on Soft Unemployment Data, Fed in Focus

Dimitri Zabelin, Analyst

TALKING POINTS – NEW ZEALAND DOLLAR, UNEMPLOYMENT, RBNZ

  • New Zealand unemployment data underwhelms markets
  • RBNZ not likely to implement rate hike until Q3 of 2019
  • Benchmark rate futures most dovish since September 2016

See our free guide to learn how to use economic news in your trading strategy!

The New Zealand Dollar fell against its US counterpart along with 2-year bond yields as second-quarter unemployment data for underwhelmed. The jobless rate rose to 4.5%, exceeding the 4.4% forecast. Markets are now speculating that the RBNZ will implement their next rate hike no sooner than September 2019.

Interest rate futures have pointed to a downward trend in rate hike expectations since April. Indeed, the markets now price in the probability of an interest rate hike this year at zero percent.

Looking ahead, the Kiwi Dollar will focus on the Federal Reserve monetary policy announcement, due August 1st at 18:00 GMT. A hawkish tone in official rhetoric may boost FOMC rate hike bets, highlighting the New Zealand currency’s widening yield disadvantage against its US namesake and sending it lower.

NZD/USD 15-Minute Chart

NZD/USD TRADING RESOURCES:

--- Written by Dimitri Zabelin, Jr Currency Analyst, DailyFX

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

DISCLOSURES