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
Mixed
Oil - US Crude
Bearish
Wall Street
Bullish
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
Mixed
GBP/USD
Bullish
USD/JPY
Mixed
More View more
Real Time News
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.17% 🇦🇺AUD: 0.14% 🇬🇧GBP: 0.13% 🇨🇭CHF: -0.03% 🇪🇺EUR: -0.06% 🇯🇵JPY: -0.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/WHghrcxnkR
  • RT @FirstSquawk: MORE THAN 90 COUNTRIES REQUEST IMF BAILOUT
  • Heads Up:🇰🇷 Consumer Confidence due at 21:00 GMT (15min) Previous: 70.8 https://www.dailyfx.com/economic-calendar#2020-05-25
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.50% Gold: -0.32% Silver: -0.55% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/kxAE18eIBf
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.43%, while traders in US 500 are at opposite extremes with 77.46%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/lmh68Zio6T
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: France 40: 0.31% Germany 30: 0.24% FTSE 100: 0.09% US 500: 0.00% Wall Street: -0.00% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/yYNbl2JFoG
  • The anti-risk US Dollar and Japanese Yen edged higher at the expense of the growth-anchored Australian and New Zealand Dollars as US equity futures pointed lower at the start of Asia trade. Get your $GBPUSD market update from @ZabelinDimitri here: https://t.co/eUY9y46j98 https://t.co/Aj3mxhsnDy
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.50% Gold: -0.32% Silver: -0.55% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/Rrzzjyfqmz
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.44%, while traders in US 500 are at opposite extremes with 77.37%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/jjChVG5cqm
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: US 500: 1.28% Wall Street: 1.15% France 40: 0.15% Germany 30: 0.08% FTSE 100: 0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/vL9MgyBJF5
Webinar: Central Bank Weekly: RBNZ Hits NZD; What's Next from ECB & Fed for EUR & USD?

Webinar: Central Bank Weekly: RBNZ Hits NZD; What's Next from ECB & Fed for EUR & USD?

2017-08-10 14:20:00
Christopher Vecchio, CFA, Senior Strategist
Share:

Upcoming Webinars for Week of August 13 to August 18, 2017

Monday at 7:30 EDT/11:30 GMT: FX Week Ahead

Tuesday at 6:00 EDT/10:00 GMT: European Desk Round Table

Wednesday at 6:00 EDT/10:00 GMT: Mid-Week Trading Q&A

Thursday at 7:30 EDT/11:30 GMT: Central Bank Weekly

See the full DailyFX Webinar Calendar for all upcoming strategy sessions.

In this webinar I discuss the major central banks' monetary policies and their implications for FX markets as we move through the middle of August.

This week we've heard from the Reserve Bank of New Zealand, which issued a stark warning over recent New Zealand Dollar strength and how the strong Kiwi could hinder the central bank's ability to reach its inflation target. Despite the market reaction, the shift in tone from the RBNZ seemed likely, as outlined in the FX Week Ahead webinar (and accompanying article) on Monday.

The commentary from the RBNZ was similar to what we heard from the Reserve Bank of Australia in the week before, when complaints were raised about Australian Dollar strength. Since the August 1 RBA meeting, the Australian Dollar has lost ground against every major currency (but for the New Zealand Dollar).

Now that global risk appetite is starting to spill over thanks to rising geopolitical tensions between North Korea and the United States (the threat of nuclear war tends to raise a few eyebrows), the timing of the dovish tones employed by the RBA and RBNZ - as well as the Bank of England, which may have marked the top in the British Pound last week after their rate decision - has led to swift drop in pairs like AUD/JPY and NZD/JPY.

Other topics covered include:

- Why was the New Zealand Dollar's fall inevitable around the RBNZ rate decision this week?

- Why might the US Dollar be finally stabilizing, and what does the Fed have to do with it?

- How has the Euro's rally become self-defeating from the ECB's perspective?

Read more: Global Risks Jump as USD/JPY Cracks, S&P 500 Marks Key Reversal

--- Written by Christopher Vecchio, Senior Currency Strategist

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

Follow him on Twitter at @CVecchioFX

To be added to Christopher's e-mail distribution list, please fill out this form

View our long-term forecasts with the DailyFX Trading Guides.

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

DISCLOSURES

News & Analysis at your fingertips.