Skip to Content
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.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
Video: Greece Headlines, RBNZ Cut and Yen Rally Feed FX Volatility

Video: Greece Headlines, RBNZ Cut and Yen Rally Feed FX Volatility

John Kicklighter,

Talking Points:

• Headlines covering Greek negotiations were once again swinging violently from optimism to pessimism

• An RBNZ rate cut may have been a distict probability, but a sharp Kiwi drop reflects substantial surprise

Yen crosses tumbled on the same day global equities rallied

Sign up for a free trial of DailyFX-Plus to have access to Trading Q&A's, educational webinars, updated speculative positioning measures, trading signals and much more!

The FX market was a volatile mix of pointed headlines and sharp exchange rate moves this past session. And, there is plenty of reason to expect that instability to continue. Among the headlines over the past 24 hours, Greece once again proved a journalist favorite with updates of progress on negotiations quickly contradicted by news that the situation was actually backtracking. Trading the Euro now is something one does at their own risk. Far more definitive in its influence was the RBNZ rate decision's explosive drive for Kiwi bears. The rate cut may not have been a complete surprise, but it was enough of a shock to mark the biggest tumble in months. Finally, there was another casualty of risk trend volatility - but this one contradicted our expected link. A Yen cross tumble that occured at the same time equities rallied. These themes were certainly critical this past session, but their influence is certainly going to carry forward. We discuss them and their trading implications in today's Trading Video.

Sign up for John’s email distribution list, here.

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