| Commentary

Become a contributor

Bookmark Econotimes

| Commentary

FxWirePro- Bitcoin Whales accumulation (positive for Bitcoin)

U.S. House prices increase slightly in July

U.S. Consumer Confidence falls in September

U.S. Q3 economic growth unrevised in second estimate

Bank Indonesia keeps key interest rate on hold at 3.75 pct

Best Gold Stocks to Buy Now: AABB, GOLD, GDX

Swedish economic sentiment indicator rises in November

Bank of Korea likely to keep key interest rate on hold at 0.50 pct in November

U.S. existing home sales rise above expectations in October

Canadian inflation continues to ease, moving closer to the Bank of Canada's target

Malaysian headline inflation falls further in October, likely to remain negative in 2020

German Ifo business climate index falls sharply in November, economic growth likely to shrink in Q3

U.S. existing home sales decline in August

U.S. weekly jobless claims unexpectedly decrease

Taiwanese money supply continues to see strong growth, CBC likely to keep rates on hold in December

U.S. personal income and spending rose less than expected in August

Australian economic growth recovers strongly in Q3 2020

©Econometrics LLC . All Rights Reserved.

NZD turned from outperformer to notable underperformer as Fonterra auction disappointed

Wednesday, October 21, 2015 12:36 AM UTC

NZD turned from early outperformer to notable underperformer as the latest Fonterra auction disappointed (the price of whole milk powder tumbled 4.6% despite another contraction in supply , although it comes on the back of some extremely strong price rises in recent auctions).

NZD has been a notable outperformer in G10 over the past month and now some technical trends are coming under pressure. NZD/USD is testing the rising support line at 0.6740 (spot 0.6750) while NZD/CAD (just) closed below 0.8770, pointing to a key day reversal on the daily charts.

Editor's Picks

Breathing through your nose when you exercise may make your runs easier

Entrepreneurs are facing a mental health crisis — here's how to help them

Are fish oil supplements as healthy as we think? And is eating fish better?

Will AI kill our creativity? It could – if we don’t start to value and protect the traits that make us human

Does AI have a right to free speech? Only if it supports our right to free thought

How can I lower my cholesterol? Do supplements work? How about psyllium or probiotics?

Why we need to set limits on sperm donation

Aging with a healthy brain: How lifestyle changes could help prevent up to 40% of dementia cases

Seven techniques to avoid weight regain, approved by experts

Market Data

IMF Reaches Staff-Level Agreement With Egypt, Opening Path to $3.8 Billion in Funding

RBA Signals Possible Interest Rate Hike in 2026 as Inflation Pressures Persist

Oil Prices Ease in Asia as Geopolitical Risks Clash With Weak Demand Outlook

Gold Prices Surge to Record Highs as Geopolitical Tensions Fuel Safe-Haven Demand

Saks Global Weighs Chapter 11 Bankruptcy Amid Debt Pressures and Luxury Retail Slowdown

IMF Presses El Salvador to Defuse Bitcoin Gamble While Keeping Program Cash Flowing

Bitcoin Stuck in No-Man’s-Land: $85K Dip or $100K Breakout Next?

ETHUSD Dip: Prime Buy Zone to $3600 Targets

Bitmine’s ETH Empire: 4 Million Tokens and Counting

EconoTimes

Disclaimer: EconoTimes provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and EconoTimes specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Brokerage. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. EconoTimes expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

NZD turned from outperformer to notable underperformer as Fonterra auction disappointed

Editor's Picks

Welcome to EconoTimes