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.



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
Oil - US Crude
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
More View more
Real Time News
  • The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It is also referred to as the monthly market mover. Find out why it has been given this nickname here:
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here:
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here:
  • The British Pound is giving back some of its multi-month gains with some pairs testing notable support despite a positive fundamental backdrop. Get your market update from @nickcawley1 here:
  • Dealing with the fear of missing out – or FOMO – is a highly valuable skill for traders. Not only can FOMO have a negative emotional impact, it can cloud judgment and overshadow logic. Learn how you can control FOMO in your trading here:
  • Gold is facing the neckline of a Double Bottom Pattern after bouncing off a confirmed longer-term trendline. Is a bullish reversal in order? Get your market update from @FxWestwater here:
  • Central banks often deem it necessary to intervene in the foreign exchange market to protect the value of their national currency. Learn how central bank intervention can impact your trading here:
  • Rollover is the interest paid or earned for holding a currency spot position overnight. Learn how to earn rollover interest on your open positions here:
  • The New Zealand Dollar is in a tricky spot. On one hand, rising stocks can propel NZD. On the other, a dovish RBNZ ahead could cool bond yields as the government tackles soaring housing costs. Get your market update from @ddubrovskyFX here:
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here:
Why Did the Kiwi Rally after the RBNZ Cut and When is it Clear to Trade?

Why Did the Kiwi Rally after the RBNZ Cut and When is it Clear to Trade?

John Kicklighter, Chief Strategist

Talking Points:

• The New Zealand Dollar rallied after the RBNZ announced a 25 bp rate cut to 3.00 percent

• While it may seem a fundamental contradiction, the Kiwi bounce reflects how aggressive expectations were

• Though the dovish tone was less extreme, it was still dovish; what additional cues to establish when/if to enter

What kind of Trading best suits you? Technical or Fundamental? Short-term or Long-term? Take our Trader Survey and find out.

Those that were not preparing for the RBNZ rate decision ahead of time were left scratching their heads when the New Zealand Dollar rallied after the bank cut rates. Typically, when a policy group eases (cuts rates, adds stimulus) the reaction from the currency is bearish. However, anticipation can move the goal posts on what is 'worse' or 'better' than expected. That was the case with the RBNZ's decision to cut the benchmark rate a second time to 3.00 percent. While it was certainly a dovish move, it wasn't particularly bearish because the market had discounted such an outcome by driving the Kiwi down ahead of the event. To 'meet' the market's forecast, we would needed a cut and clear support for further aggressive easing moving forward. So, with this awkward outcome - dovish but not dovish enough - how do we establish how and when to place a trade? Choosing the correct pair, looking for commitment and following clear technical levels is critical. We discuss this and more in today's Strategy 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.