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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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FX Handover Domestic Data And Dovish Forecasts Weigh On AUD and NZD

Article By: ,  Financial Analyst
June 14, 2019 12:53 AM

FX Handover: Weak Data And Dovish Forecasts Weigh On AUD and NZD


  • NZ PMI is close to contraction and internal indicators hint at recessionary pressures ahead for New Zealand. A business conditions index by Morgan Stanley sees its largest drop on record to its most pessimistic level since 2008.
  • NAB now call for 3 RBA cuts in 2019,  RBC and Maquarie lower forecasts for RBA to cut to 0.5%. AU10 year hits fresh record low of 1.37%, AUD/JPY hones in on the July ’16 low.

  • NZD and AUD are the weakest majors today on weaker domestic data,  JPY and CHF are the strongest on a slight risk-off tone. NZD/JPY is today’s biggest mover, shedding -0.6% at the low and hittig its typical daily range.

  • UK agrees with US assesment that Iran is to blamce for shipping attacks in Gulf Of Oman. US military says it has ‘no interest in engaging in a new conflict of the middle east’, yet also stating they’re ‘ready to defend US interests…’. WTI finds stability above $52 after yesterday’s oil price spikes.




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